What is Flexi Benefits?

In India, Flexi benefit is a sort of benefit which provides the flexibility of modifying components of CTC such as medical expenses and conveyance.

A Flexi Benefits Plan (FBP) is a plan introduced to save tax. It includes the following components:

  1. HRA
  2. LTA
  3. Medical Expenses
  4. Food Conveyance
  5. Telephone bills

Zimyo Payroll software also provides this Flexi Benefits module.

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Updated on March 8, 2022