These are the benefits that are additionally added to the employee’s normal salary. These are also referred to as Employee Benefits.Â
Example of fringe benefits:
The fringe benefits are compensation for the workers, retirement plans, health insurance, family and medical leave, etc. These are the most common examples of fringe benefits. The less common fringe benefits include meal subsidization, paid vacation, commuter benefits, etc.Â
Tax-free benefits:Â
Achievement awards
Facilities for the athletes
Health benefits
Assistance for education
Dependent Care assistance
Reduction in the tuition
Meals
Retirement Planning Services
Discounts for the Employees
Transportation facilities
No-additional cost services
Permission for lodging on the business premises
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