Flexible Benefits

Omnivoo allows you to allocate a portion of your CTC towards flexible benefit components. By choosing how your allowances are structured, you can optimize your tax savings while staying within statutory limits.

Accessing Flexible Benefits

1. Log in to your Omnivoo account.
2. Click Flexible Benefits in the sidebar.
3. You will see the benefit allocation form with your available components and limits.

Benefit Components

The following components are available for allocation:

Component	Annual Limit	Tax Benefit
HRA (House Rent Allowance)	Based on your salary structure	Exempt under Section 10(13A) if you pay rent
LTA (Leave Travel Allowance)	Based on your salary structure	Exempt under Section 10(5) for travel within India
Meal Allowance	Rs 26,400 per year	Tax-free up to the limit
Internet Allowance	Based on your salary structure	Reimbursement against actual bills
Telephone Allowance	Based on your salary structure	Reimbursement against actual bills
Fuel Allowance	Based on your salary structure	Reimbursement against actual bills
Education Allowance	Rs 2,400 per year (Rs 100/month per child, max 2 children)	Exempt under Section 10(14)
NPS (Employer Contribution)	Rs 50,000 per year	Additional deduction under Section 80CCD(2)

info

The maximum you can allocate across all flexible components is capped by the flexible portion of your CTC. The remaining amount is paid as Special Allowance, which is fully taxable.

How Allocation Works

Progress Bar

Each component displays a progress bar showing:

• Allocated amount -- what you have chosen for this component
• Maximum allowable -- the upper limit for that component

The progress bar fills as you increase your allocation, giving you a clear visual indicator of how much room remains.

Over-Allocation Prevention

The system prevents you from allocating more than your total flexible budget. If your allocations exceed the maximum allowable amount:

• The Submit button is disabled.
• A warning message appears showing the over-allocated amount.
• Reduce one or more component allocations to bring the total within the allowed range.

warning

You cannot allocate more than the annual limit for any individual component. For example, Meal Allowance cannot exceed Rs 26,400 even if you have remaining flexible budget.

Submitting Your Allocation

1. Enter your preferred amount for each benefit component.
2. Review the allocation summary at the bottom of the form, which shows your total allocated amount versus the total flexible budget.
3. Click Submit Allocation.
4. Your allocation moves from Draft to Submitted status.

Status Flow

Your benefit allocation progresses through the following stages:

Status	Meaning
Draft	You are still editing your allocation. You can make changes freely.
Submitted	Your allocation has been submitted for approval. You can no longer edit it unless it is sent back.
Approved	Your employer or Omnivoo has approved the allocation. It will be applied to your salary structure.
Locked	The allocation is locked for the financial year. No further changes are possible.

tip

Submit your flexible benefit allocation as early as possible in the financial year. Once payroll processing begins for a month, the allocation for that period is locked and cannot be changed retroactively.

When the Form Locks

The flexible benefits form locks in the following situations:

• After approval -- Once your employer approves the allocation, it is locked for the remainder of the financial year.
• Payroll processing -- If payroll for the current month has already been processed, changes take effect only from the next month.
• Financial year end -- At the end of the financial year (March 31), all allocations are locked. A new allocation form opens for the next financial year.

Impact on Your Salary

Once your allocation is approved:

• Your monthly payslip reflects the chosen breakdown (e.g., higher HRA, Meal Allowance line items).
• The unallocated flexible amount is paid as Special Allowance, which is fully taxable.
• TDS is recalculated based on the new salary structure.

Tips for Optimal Allocation

• HRA -- Allocate this if you pay rent. You will need to provide rent receipts and landlord PAN (if rent exceeds Rs 8,333/month) during investment declaration.
• Meal Allowance -- Always allocate the full Rs 26,400 limit. It is tax-free with no documentation required.
• Education Allowance -- If you have children, allocate Rs 2,400 for a small but easy tax saving.
• NPS -- If you contribute to NPS, allocating through the employer route gives you an additional Rs 50,000 deduction beyond the Section 80C limit.

For questions about your flexible benefits, contact support@omnivoo.com.