A Flexible Benefits Plan (FBP) is customizing the salary breakup of the employees to achieve maximum tax benefit.
To deactivate FBP plans, the admin must perform the following actions:
- From the greytHR Admin portal, navigate to Settings icon > System Settings > Payroll > FBP Policy. The FBP Policy page opens.
- Click the Pause icon available on the existing policy card. The Pause Fbp Policy pop-up appears.
- Click Confirm to deactivate the existing FBP policy.
Note:
- You can create a duplicate policy by clicking the Clone Policy icon available on the existing policy card.
- Click the Edit Header icon to edit the header of the policy.
- You can also delete the existing policy by clicking the Delete icon available on the policy card.
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Related Links:
Video -
- To watch video on Create and release FBP declaration for employees, click here.
- To watch video on Declare FBP on behalf of an employee, click here.
FAQs: To read more FAQs about FBP, click here.
Documentation -
- To learn how to create and release FBP, click here.
- To learn how to declare FBP on behalf of an employee, click here.
- To learn how to create new FBP policy, click here.
Product Update: To read about the product update, click here.
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