Aitbaar(Trust)(AK FF)Pt-29-31, Pg-74, 05-14-2014 - Page 6

Here are company names for you who give this perk...There are few more private companies, which my dad's friends work, which give this facilities to their employees...A lumpsum of around a lakh or two a year for family vacation...At least few I know which gives perk to the people who are in a decently good position are... IL&FS, many of the banks...

Originally posted by: vamita

Here are company names for you who give this perk...

kahan?? 😕

There are few more private companies, which my dad's friends work, which give this facilities to their employees...A lumpsum of around a lakh or two a year for family vacation...At least few I know which gives perk to the people who are in a decently good position are... IL&FS, many of the banks...

What.. just one company??😕 but the way u were saying it as if every second company of India offers such facility.. and which indian bank?

Ok...whatever about mid class upper mid class...It's almost 10 years I left India and I just go there for vacation to my moms house...I just know 3 classes..😆 POOR, MID AND RICH...!😉

See, that's why I kept arguing with u over it..

...Par dear, meri mom ki kaamwali abhi 10.000 kamati hai...! She does work in 5 houses, each work almost 500 rs... And her hubby 15,000 a month in a factory...!😕...So, I wonder, what you call them now...? Any way, its the way of saying... I am not much into all this...

indeed a mid class.. doesn't matter which profession they belong to, be it a kaam waali, a banker or a nurse.. if u earn around 15-20K in india, u would be clasified as a mid class..

No, where did I write, that Aliyah is not doing any work...She is trying, but her own way...She doesn't like it and that is it...She just is not interested...That doesn't mean every one is like that...I never minded helping my mom at home, while my cousin or sis sat...It is just I couldn't see my mom working all alone and I helped...And it is not that Avantika doesn't say Aliyah to do...In fact she has given all the duty to Aliyah, but Aliyah is not able to do, while Kripa just does it naturally...! So, every person has its way...And it is not Avantika who is asking her to do all the time...It is Kripa's wish...Just like it is mine...!

Okay my fault.. I thought she doesn't do anything but didn't Aliyah tell her mom that I cant do all this, not my cup of tea.. I m happy in my job and I m busy.. she didn't make the rotis, didn't do the dishes, didn't clean up the kitchen, table, closet and if whatever lil she does, she doesn't do it properly.. and I won't blame Aliyah or Kripa here.. Avantika is wrong here..

Kaam wali concept is like a little odd to me, because till date I never had one, except for jhadu pocha in mumbai recently, at my moms house...Before that we felt no need as my mom was in good health and I was with her...! Apart from that, apna hath apni mehnat...! It's not always that we did not get one, but did not feel the need for one...And further I did not like it...They mostly don't do their work properly, many few do it well...Still same in US...No kamwali...😭

ye toh hai.. chori bhi bohat karte hein..

Ha ha...You are right Annu...I know...Lot of arguments here...But I enjoyed it, don't stop to commenting...😆...got lot of info too...Useful insight😃...But anyway, lets keep it short, atleast from my side...My kids are getting a little irritated, that mommy is always on pc...I had to give them choclate to keep them quite...😉...I told you...I love arguing...But I think this is just too much, arguing over the class and kaamwali bai...😆😆Anyway, I will tell you about the banks, bank of India, state banks, IDBI, SIDBI, HDFC, Railway department offers first class free tickets as well as lodging to officers post once in a year to go anywhere in India for vacation of about 15 days, apart from various other perks, few insurance companies(Don't remember the name)But they get good packages, Pharma companies also give good package for higher posts or people who are loyal for more than 7 or 10 years..., In banks they give lumpsum to even average officer who works for more than 5 years, while private companies give after specific post...My dad got it after he became AVP, when he joined private company...The list is long list...These packages are given, because if salary is given more, it goes in taxes, while vacation packages, housing, other perks like gas etc. are tax free and benifit employees...That is the reason people prefer a little less salary and perks such as these, where they don't have to pay more taxes...I am so out of touch with many of my friends now to know the company names, but just come to know that they have been vacationing...!

Originally posted by: vamita

Ha ha...You are right Annu...I know...Lot of arguments here...But I enjoyed it, don't stop to commenting...😆...

ji behtar!! 😆

got lot of info too...Useful insight😃...But anyway, lets keep it short, atleast from my side...

areyy main toh thoda thoda boli lekin Aap..😆 anyways its always fun to argue to disagree with the writer..😛

My kids are getting a little irritated, that mommy is always on pc...I had to give them choclate to keep them quite...😉...I told you...I love arguing...But I think this is just too much, arguing over the class and kaamwali bai...😆😆

I know..😆 but atleast u came to know abt two important classes.. upper mid class, and upper class.. see, I improved ur GK!😆 actually this ff has just begun so I didn't comment on A-K much.. but don't worry as the story moves forword I wont spare this Kripa for sure.. 😆

Anyway, I will tell you about the banks, bank of India, state banks, IDBI, SIDBI, HDFC, Railway department offers first class free tickets as well as lodging to officers post once in a year to go anywhere in India for vacation of about 15 days, apart from various other perks, few insurance companies(Don't remember the name)But they get good packages, Pharma companies also give good package for higher posts or people who are loyal for more than 7 or 10 years..., In banks they give lumpsum to even average officer who works for more than 5 years, while private companies give after specific post...My dad got it after he became AVP, when he joined private company...The list is long list...These packages are given, because if salary is given more, it goes in taxes, while vacation packages, housing, other perks like gas etc. are tax free and benifit employees...That is the reason people prefer a little less salary and perks such as these, where they don't have to pay more taxes...I am so out of touch with many of my friends now to know the company names, but just come to know that they have been vacationing...!

but actually this is the breakup of total salary that they hide it for tax exemption and named it as vacation bonus, rite? so if u use ur vacation bonus here, then how do u manage ur expenses in little salary every month??

if these org pay the bills against the expenses (fair, hoteling, food) of all the vacations then they are called vacation bonuses.. if this is the policy then what is the max limit of family members.. for eg, if there are 8 members of the family and the min expense of Singapore trip is 8 lakh then will the org pay all the expenses or is there any min/max cap of it..

as for target oriented org.. those employees who achieve targets might be possible for them that will get lumpsum amount and for family too if they are just 2 members..

Limit for family vacation is for husband, wife as well as children, limited to 3...8 lakhs for Singapore? No way...! It is around 50,000 Rs, for each person for 6-7 days trip, with kids sharing room with the parents...! People get a limit of around 1 lakh or 1.5 lakhs, and they add additional amount and go for tours mostly...Europe trip costs around 2 lakhs per person and US around 1.5...This is around this years cost from travel agencies in India, in which last month my parents travelled for around 15 days in 7 countries of europe...The companies give housing as well as gas expenses...While the salaries are around in between 50,000 to 1 lakh per month...! The rents in bombay are also pretty much high, so it makes up for the salary, if they get this perk and limited salary...Yeah, it is the break up of the salary and that is what the package they get in many of these companies...!

see, here in pak, banks and other org, give a one basic salary as a Eid bonus to their employees.. I m sure in India they also give Diwali bonus.. this is called a bonus, a luxury which employee gets other than his salary.. what u are talking abt is the actual salary and not something else that company gives u to go on vacation.. yes, they name it as vacation bonus to hide it from tax exemption.. and like I said before, if u use ur this salary for vacationing then how can u manage ur expenses in lil salary every month.. u already said.. even a common man can afford it, how come?? how can a common man afford to use this part of his salary for vacation.. matlab whole year preshani mein guzarey ga aur year ke end pe singapore/japan ke trips, really??

Okay as pak rupee haalat is quite khasta (feeble) thesedays so here it is more than 50K for sure.. but if someone has a large family of 8 members then what will he do? Bank gives u only 1-1.5 lakhs naa so it means this vacation bonus is good only for a small family of 3-4 members and u should also have a good basic salary then u can afford to use this perk for vacation..

P.S. update the next part asap.. we need new topics to discuss..😆

Originally posted by: annu127

see, here in pak, banks and other org, give a one basic salary as a Eid bonus to their employees.. I m sure in India they also give Diwali bonus.. this is called a bonus, a luxury which employee gets other than his salary.. what u are talking abt is the actual salary and not something else that company gives u to go on vacation.. yes, they name it as vacation bonus to hide it from tax exemption.. and like I said before, if u use ur this salary for vacationing then how can u manage ur expenses in lil salary every month.. u already said.. even a common man can afford it, how come?? how can a common man afford to use this part of his salary for vacation.. matlab whole year preshani mein guzarey ga aur year ke end pe singapore/japan ke trips, really??

Okay as pak rupee haalat is quite khasta (feeble) thesedays so here it is more than 50K for sure.. but if someone has a large family of 8 members then what will he do? Bank gives u only 1-1.5 lakhs naa so it means this vacation bonus is good only for a small family of 3-4 members and u should also have a good basic salary then u can afford to use this perk for vacation..

P.S. update the next part asap.. we need new topics to discuss..😆

this is so confusing.. Vamita, earlier u said vacation packages are tax free and benefits employee.. but now u are saying just opposite..

U said, we need to show our tickets, hotel receipts etc.. it means when u bought that tickets and when u paid those hotel bills they were NOT tax free.. later u claim it from ur company and it also means that they also pay those taxes.. so how can this vacation package be tax free.. here both parties You and ur org, are paying the taxes..

secondly, if u go on vacation then u get this perk.. but earlier u agreed with me when I said this vacation package is a break up of ur actual salary to hide it for tax exemption.. so if this package is the part of ur salary then u should get it no matter u go on vacation or not.. which is not the case here.. for eg, housing perk.. if ur org pay 15K as house rent to u, u will get this perk doesn't matter u actaully live in a rented house or not..

It depends on companies dear...Like banks need this as per the gov rule, while private companies give it as a vacation package...Every company rules are different...Bank salaries are less, i am not talking banks like Hdfc or Hsbc...I am talking about local banks...Indian govt banks, which have this rule...Others give as vacation package a lumpson amount, apart from diwali bonus...but even diwali bonus is not tax free...But vacation package is, if we use it for vacation...If not, u pay taxesif you just want money to use for your personal purpose...

And rent is the same...If my dad used company apaprtments, which almost cost around 15000 to 30000 depending on the location, then fine...If company apartments are not available and he rents it, then he needs to show the receipt to have this tax exemption and if not he gets a fair amount of 10000 or so, on which he pays taxes...

If the money is not used for the given cause, then the govt of india doesn't give tax exemption on those claims...And bonus may it be in US or India are not tax exempted unless it is given in the form of company shares or bonds...

Yeah it is the break up of salary, as these perks are not available to the new employess or inexperienced...This comes as extra income after few promotions as a raise... Banks in india are known for these perks, because salaries dont increase more in high posts...Just these perks...So, it is considered as a salary package in all...