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:
- HRA
- LTA
- Medical Expenses
- Food Conveyance
- Telephone bills
Zimyo Payroll software also provides this Flexi Benefits module.
