Questionnaire to assess the impact of Fringe Benefits on the Salary Structure of the employees

Name: _____________________________________________________ Designation: _______________________________________________ Organizations Name: ________________________________________ Sector______________________________________________________ Employee strength: __________________________________________ Official Email________________________________________________ Telephone No_______________________________________________

1) Who bears the liability of paying Fringe benefits Tax in your organisation? A. B. C. !. The employer(entirely) The employee The employer but reco er from employee "artially the employer an# partially the employee

$) %f the ans&er to '.1 is A( &hat &ill be the approx. percentage #ecline in profits of the company? A. B. C. !. .. )*$ $*+ +*, ,*- * 1)

/) %f the ans&er to '.1 is B( &hat is the effect on total tax liability an# 0et Ta1e23ome2"ay of the employee( CTC pac1age remaining the same? A. Tax liability increase an# 0et Ta1e23ome2"ay #ecrease B. Tax liability #ecrease an# 0et Ta1e23ome2pay increase C. 0ot much affecte# +) %f the ans&er to '.1 is !( the amount of tax pai# by both of them is #eci#e# on &hat basis? A. B. C. !. 4ome fixe# ratio Any prior agreement Accor#ing to the income tax rules Any other (specify)

5) What is the criterion of allocating #ifferent benefits bet&een #ifferent le els of employees? A. B. C. !. 6n the basis of gra#es 6n the basis of basic salary At the option of employees* Any other (specify)

777777777777777777777777777777777777777777777777777777777777777777 * .mployees are gi en option to choose among the a ailable benefits an# negotiate. ,) 3o& #o you segregate an# apportion the arious fringe benefits bet&een #ifferent gra#es an# #esignations of employees? A. 4ame benefits for all gra#es an# #esignations of employees B. !ifferent benefits for #ifferent gra#es an# #esignations of employees C. %ncrease the benefits accor#ing to increase in gra#e pay an# #esignations of employees

8) Which of the follo&ing Fringe Benefits are gi en to employees in your organisation? A. B. C. !. .. F. =. 3. %. >. ?. A. :. 0. 6. ". '. <. 4. T. @. Con eyance( tour( tra el (inclu#ing foreign tra el) for official purpose Facility of hotel (boar#ing an# lo#ging for official purpose .xpenses on personal holi#ay Transport facility to employee9s 1i#s .xpen#iture on employee9s &elfare :e#ical expenses ; <s. 15))) :e#ical expenses at hospital maintaine# by employer Contribution by the employer to an appro e# superannuation fun# .mployee 4toc1 6ption .xpenses on entertainment for official or personal purpose incurre# by the employer @se of telephone(inclu#ing mobile phone) other than expen#iture on lease# telephone lines <epair( running (inclu#ing fuel) an# maintenance of motor car or aircrafts inclu#ing #epreciation thereon .xpen#iture on conference (exclu#ing participation fee) <eimbursement of perio#icals "repai# meal car# .xpen#iture on foo# or be erages outsi#e office .xpenses on festi al celebration @se of health club or similar facilities =ifts in 1in#Barticle Cre#it car# 4cholarships

-) Which of the follo&ing Fringe Benefits (taxable in the han#s of employee) are gi en in your organisation? A. B. C. !. .. F. Facility of interest2free or concessional housing loan Facility of interest2free or concessional car loan Facility of interest2free or concessional e#ucation loan Facility of interest2free or concessional personal loan @se of mo able assets(motor car( other assets) Any other (specify)

C) Which other fringe benefits or reimbursements apart from abo e mentione# benefits are pro i#e# in your organisation? "lease specify.

1)) Benefits are pro i#e# in 777777777777777 form. A. :onetary B. 0on * monetary 11) Benefits form &hat percentage of the total CTC pac1age? A. B. C. !. .. 5 * 1) 1) * 15 15 * $) $) * $5 $5 * /)

1$) Dour organisation pro i#e a CTC pac1age &hich is 77777777777 A. 3ea y on basic salary an# other allo&ances B. 3ea y on reimbursements an# fringe benefits C. As per the negotiation by the employee 1/) Abolition of Fringe Benefit Tax &ith effect from assessment year $)1)211 &ill benefit A. The Company B. The .mployees 1+) Which of the follo&ing options &ill your organisation exercise after the abolition of Fringe Benefit Tax &ith effect from assessment year $)1)211? A. Continue &ith same structure of CTC pac1age B. <estructure CTC pac1age by increasing the amount of Fringe Benefits &ithin the same pac1age C. <estructure CTC pac1age by intro#ucing ne& benefits &ithin the same pac1age !. <estructure CTC pac1age by increasing the amount of existing benefits as &ell as intro#ucing ne& benefits &ithin the same pac1age .. 6pt for salary increments F. Any other 15) %f the ans&er to '.1+ is A( &hat &ill be the effect on tax liability of employees? A. 0et tax liability &ill increase B. 0et tax liability &ill #ecrease C. 0o significant effect 1,) %f the ans&er to '.1+ is B( &hat are the expecte# benefits on &hich has a scope of increase in their amounts? "lease 4pecify.

18) %f the ans&er to '.1+ is C( &hat are the expecte# benefits apart from the existing benefits &hich your organisation is li1ely to pro i#e? "lease 4pecify.

1-) What &ill be the effect of pro i#ing more benefits to employees after the abolition of Fringe Benefit Tax? A. Tax liability &ill increase an# 0et Ta1e23ome2"ay #ecrease B. Tax liability &ill #ecrease an# 0et Ta1e23ome2"ay increase

Rate on a scale of 1 to 5, 1 meaning Not prefera!le" an# 5 meaning prefera!le"

1C) Will the employees prefer more fringe benefits to more basic salary an# allo&ances in the same CTC pac1age in this perio# of rising prices( cost of li ing an# tax liability ( after the abolition of Fringe Benefit Tax)? A. B. C. !. .. 1 $ / + 5

$)) Will the organisation prefer gi ing more fringe benefits to more basic salary an# allo&ances &ithin the same CTC pac1age to the employees #uring this time of economic #o&nturn (after the abolition of Fringe Benefit Tax)? A. B. C. !. .. 1 $ / + 5

0oteE %nformation fille# in by you &ill be 1ept confi#ential an# &ill be use# for e#ucational purpose only. The abstract of the report &ill be share# &ith all participents. Dou are reFueste# to rate the Fuestionnaire from 1 to 5( 5 being the highest an# 1 being the lo&est. 1. $. /. +. 5.

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