Questionnaire to assess the impact of Fringe Benefits on the Salary Structure of the employees
Name: _____________________________________________________ Designation:
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Organization’s Organizati on’s Name: ___________________________ _________ _______________________________ _____________ Sector______________________________________________________ Employee strength: __________________________________________ Official Email________________________________________________ Telephone No_______________________________________________
1) Who bears the liability of paying Fringe benefits Tax in your organisation? A. B. C. D.
The employer(entirely) The employee The employer but recover from employee Partially the employer and partially the employee
2) If the answer to Q.1 is A, what will be the approx. percentage decline in profits of the company? A. B. C. D. E.
0–2 2–4 4–6 6–8 8 – 10
3) If the answer to Q.1 is B, what is the effect on total tax liability and Net Take-Home-Pay of the employee, CTC package remaining the same? A. Tax liability increase and Net Take-Home-Pay decrease B. Tax liability decrease and Net Take-Home-pay increase C. Not much affected 4) If the answer to Q.1 is D, the amount of tax paid by both of them is decided on what basis? A. B. C. D.
Some fixed ratio Any prior agreement According to the income tax rules Any other (specify)
5) What is the criterion of allocating different benefits between different levels of employees? A. On the basis of grades B. On the basis of basic salary C. At the option of employees* D. Any other (specify) __________________________________________________________________
* Employees are given option to choose among the available benefits and negotiate. 6) How do you segregate and apportion the various fringe benefits between different grades and designations of employees? A. Same benefits for all grades and designations of employees B. Different benefits for different grades and designations of employees C. Increase the benefits according to increase in grade pay and designations of employees
7) Which of the following Fringe Benefits are given to employees in your organisation? A. B. C. D. E. F. G. H. I. J. K. L. M. N. O. P. Q. R. S. T. U.
Conveyance, tour, travel (including foreign travel) for official purpose Facility of hotel ,boarding and lodging for official purpose Expenses on personal holiday Transport facility to employee’s kids Expenditure on employee’s welfare Medical expenses < Rs. 15000 Medical expenses at hospital maintained by employer Contribution by the employer to an approved superannuation fund Employee Stock Option Expenses on entertainment for official or personal purpose incurred by the employer Use of telephone(including mobile phone) other than expenditure on leased telephone lines Repair, running (including fuel) and maintenance of motor car or aircrafts including depreciation thereon Expenditure on conference (excluding participation fee) Reimbursement of periodicals Prepaid meal card Expenditure on food or beverages outside office Expenses on festival celebration Use of health club or similar facilities Gifts in kind/article Credit card Scholarships
8) Which of the following Fringe Benefits (taxable in the hands of employee) are given in your organisation? A. B. C. D. E. F.
Facility of interest-free or concessional housing loan Facility of interest-free or concessional car loan Facility of interest-free or concessional education loan Facility of interest-free or concessional personal loan Use of movable assets(motor car, other assets) Any other (specify)
9) Which other fringe benefits or reimbursements apart from above mentioned benefits are provided in your organisation? Please specify.
10) Benefits are provided in _______________ form. A. Monetary B. Non – monetary 11) Benefits form what percentage of the total CTC package? A. B. C. D. E.
5 – 10 10 – 15 15 – 20 20 – 25 25 – 30
12) Your organisation provide a CTC package which is ___________ A. Heavy on basic salary and other allowances B. Heavy on reimbursements and fringe benefits C. As per the negotiation by the employee 13) Abolition of Fringe Benefit Tax with effect from assessment year 2010-11 will benefit A. The Company B. The Employees 14) Which of the following options will your organisation exercise after the abolition of Fringe Benefit Tax with effect from assessment year 2010-11? A. Continue with same structure of CTC package B. Restructure CTC package by increasing the amount of Fringe Benefits within the same package C. Restructure CTC package by introducing new benefits within the same package D. Restructure CTC package by increasing the amount of existing benefits as well as introducing new benefits within the same package E. Opt for salary increments F. Any other 15) If the answer to Q.14 is A, what will be the effect on tax liability of employees? A. Net tax liability will increase B. Net tax liability will decrease C. No significant effect 16) If the answer to Q.14 is B, what are the expected benefits on which has a scope of increase in their amounts? Please Specify.
17) If the answer to Q.14 is C, what are the expected benefits apart from the existing benefits which your organisation is likely to provide? Please Specify.
18) What will be the effect of providing more benefits to employees after the abolition of Fringe Benefit Tax? A. Tax liability will increase and Net Take-Home-Pay decrease B. Tax liability will decrease and Net Take-Home-Pay increase
Rate on a scale of 1 to 5, 1 meaning “Not preferable” and 5 meaning “preferable” 19) Will the employees prefer more fringe benefits to more basic salary and allowances in the same CTC package in this period of rising prices, cost of living and tax liability ( after the abolition of Fringe Benefit Tax)? A. B. C. D. E.
1 2 3 4 5
20) Will the organisation prefer giving more fringe benefits to more basic salary and allowances within the same CTC package to the employees during this time of economic downturn (after the abolition of Fringe Benefit Tax)? A. B. C. D. E.
1 2 3 4 5
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Information filled in by you will be kept confidential and will be used for educational purpose only. The abstract of the report will be shared with all participents. You are requested to rate the questionnaire from 1 to 5, 5 being the highest and 1 being the lowest. 1. 2. 3. 4. 5.
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