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The amount mentioned under Wipro Benefit Plan(WBP) an be utilised to save tax. Lets say the WBP amount is 2lac for example, in this case you can save tax on this amount (2lac) by making declarations under WBP portal. The declarations options range from Sodexo/Pluxee card, LTA, Mobile/Broadband bills, National pension scheme, etc.
@Aspire Systems 1, it will be somewhere around 1.05 o 1.10L/month depending on how you opt for various tax saving options.
This is the breakup where you can save some tax by dividing this amount into different given components
I too wanted to know about that Wipro benefit plan breakup. Did you got bonus in the CTC break up. Does that also include in salary ? And any idea on take home for 18.5LPA in Wipro ?
Say I have a monthly wbp allowance of 20k and I have declared lta as the only component worth 11k , so ami i going to get 20-11k=9k as my earnings every month? or do i get 20k only and under deductions that 11k declaration shows as deductions? once declared do i have to apply for reimbursement of that lta amount or is it automatically done based on declaration?