Is it necessary to declare FBP details every month?

Created by Product Content Team, Modified on Fri, 16 Feb at 1:08 PM by Product Content Team

No, it is not required to declare FBP details every month. After the employee declares the FBP for a single month, the same is forwarded for the remaining months of the financial year.

A Flexible Benefits Plan (FBP) means customizing the salary breakup of the employees to achieve maximum tax benefits.

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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.

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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.