IR Executive Question:

Tell us what are FRINGE BENEFITS?

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Answer:

These are monetary benefits provided to employees. They include the benefit of:
☛ (a) Provident fund,
☛ (b) Gratuity,
☛ (c) Medical care,
☛ (d) Hospitalization payment,
☛ (e) Accident relief,
☛ (f) Health and Group insurance,
☛ (g) Subsidized canteen facilities,
☛ (h) Recreational facilities, and
☛ (i) Provision of uniforms to employees.

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