Every employee wants to maximize the amount of money they take home. There are numerous ways to reduce the tax burden on their salaries. As the Indian income tax brackets range from 5% to 30%. Still, if you’re smart about assisting your employees in claiming deductions and credits, you can help them pay less taxes. While some of these methods may reduce taxes, others are entirely tax-free. The food allowance is one such component.
Zaggle Save Meal Card for tax Savings
If you are looking to provide tax-saving benefits to your employees, the Zaggle SAVE meal card can help you. Employees who choose a food allowance can save Rs 42,000 in taxes per year. Only employees with a food allowance are eligible for tax breaks through the meal card, which is accessible via the Zaggle SAVE mobile app.
The Zaggle meal card can be used by your employees at millions of grocery stores and restaurants. They can even use the Zaggle SAVE Food Wallet to make payments at online stores like Domino’s, Big Basket, and others for seamless transactions.
Zaggle Meal Card Benefits
Here’s what you can expect from Zaggle SAVE Food Card:
Totally Digital
In the business world, digital solutions have become a buzzword. Using modern, digital tools to find more efficient, data-driven ways to get things done at all levels of business has a positive impact on business operations. This effect can have a wide-ranging impact on a company. The Zaggle SAVE Food card provides you with a 100 percent digital solution, with no logistical hassles in procuring, sourcing, and distributing cards, which is especially important when you and your employees work from home in the present-day scenario.
Absolutely Safe
We all want to believe that our employees are dedicated to the success of the company. Moreover, suppose you make use of other people’s resources. In that case, you must be able to reassure them that you are monitoring employee behavior and adhering to all applicable rules and regulations. Zaggle’s meal card compliance is primarily concerned with the digital amount you send to your employees only being relevant to be spent on food items. Furthermore, the amount is non-transferable. As a result, it provides a completely RBI-compliant solution to prevent such fraudulent activities from occurring.
Efficient Dashboard
Different departments work in an organization. A management dashboard can assist you in understanding what is critical for the organization by highlighting the critical few items that will make a difference in your organization. The Zaggle SAVE dashboard makes it simple to transfer funds to employee food wallets with a single click. A dashboard is essential for fully monitoring, administering, and viewing the organization’s payouts, as well as keeping each department constantly updated.
Customize Food Categories
You must customize to meet the needs of your organization, which can increase employee loyalty and satisfaction. The Zaggle SAVE Food Wallet is extremely convenient because you can customize food categories for your employees to use as and how you believe they will prefer.
Reasons why your employees should choose us
- Over 100+ merchants accept the Zaggle SAVE food card including online and offline stores, cinemas, restaurants, food courts, and more.
- The Zaggle SAVE Food Wallet uses contactless payments to ensure safety, which is especially important during this pandemic.
- It’s extremely digital and convenient.
- Your employees will no longer have to deal with the hassles of carrying physical cards, remembering pins, and other similar tasks.
- As an extra benefit, they will receive exclusive cashback offers on all transactions made through the wallet.
There is no such thing as a good time of year to begin planning your employees’ tax deductions. Most organizations prolong this until the last minute and then pay their employees without giving much thought to the tax-saving tools available to them. The Zaggle SAVE food card is here to relax you up ahead of time so you can make the most of all your options. Why wait anymore when there are so many engaging features onboard? Contact us today!
