* Employee benefits in kind are various non-wage compensations provided to employees in addition to their normal or salaries.
*some of these benefits are:
-HRA
-LTA
-Medical reimbursement
-Insurance (health, dental, life etc.)
-conveyance
-Retirement Benefits
-Profit sharing etc.
*The Compensation policy should state the proportion of fixed and variable components.
* The policy should be formulated considering the tax implication.