EnKash, a B2B payments platform, has upgraded its Tax Benefit Multi-Wallet Card to align with India’s latest income tax reforms, including a significant increase in the meal allowance exemption.
The company said the enhanced solution enables organisations to boost employees’ take-home salaries without increasing overall payroll costs, while ensuring compliance with regulatory and tax norms. The move comes in the wake of recent changes that expand the scope of structured employee benefits under the Income Tax Act.
Enhanced structuring, compliance
The upgraded multi-wallet platform builds on EnKash’s existing infrastructure, offering a more automated system that directly maps employee benefits to the revised tax framework. This allows companies to restructure compensation efficiently and unlock tax savings at scale.
A key feature of the solution is the integration of multiple specialised wallets within a single card. These include dedicated wallets for food and meals, fuel and conveyance, gifts and rewards, telecom and internet expenses, and leave travel allowance (LTA).
Automation and ease of use
The platform ensures compliance by embedding governance controls that automatically restrict non-eligible transactions and enforce category-level spending rules. This eliminates the need for manual verification and reduces the risk of non-compliant claims.
Employees can access the wallets via UPI or card payments across a wide merchant network, removing the need for reimbursements, paper receipts, or manual expense claims. The company added that enterprises can integrate the solution with their existing HRMS and accounting systems, enabling quick deployment, often before the next payroll cycle.
Industry perspective
“At EnKash, our mission has always been to simplify complex financial workflows for enterprises while adding tangible value to the lives of their employees,” said Naveen Bindal, Co-founder, EnKash.
“This upgrade to our Multi-Wallet solution is a direct response to the recent IT reforms. We are not just offering a payment tool; we are providing a strategic framework that helps employees maximise their take-home pay through smarter structuring, while ensuring full compliance for finance and HR teams,” he added.
Unlocking value from benefits
With the upgrade, EnKash aims to address the underutilisation of employee benefits by converting regulatory changes into tangible financial gains. The company said the solution sets a new benchmark in how benefits are structured, delivered, and experienced in India.