One wallet that puts more money in your employees' pockets

It is a single prepaid instrument that houses multiple sub-wallets — each mapped to a specific tax-exempt allowance category such as meals, fuel, gifts, telecom, books & periodicals, and LTA. Corporates load the relevant allowance amount into each sub-wallet, and employees spend directly from the appropriate wallet via UPI or the physical card. Every transaction is governed by category-level controls so that spending stays compliant with income tax rules.

Any amount remaining in a sub-wallet at the end of the financial year is automatically moved to a general-purpose wallet. HR receives a detailed report of unused balances per employee so that the corresponding amount can be added back as taxable income in the employee's final salary computation. Corporations can choose to run this process at year-end or one month before, depending on their payroll cycle and policies.

Yes. Corporations have full flexibility to select only the wallet categories that align with their compensation philosophy and company policies. Some companies may choose to offer only meal and gift wallets, while others may activate the full suite, including fuel, telecom, LTA, books & periodicals, and more.

Yes. UPI-based payments from each sub-wallet are a core feature of the EnKash Tax Benefit Multi-Wallet Card. Most legacy providers — including Pluxee — rely primarily on card-based transactions or restricted QR codes within their own merchant networks. EnKash's UPI integration allows employees to pay at virtually any merchant in India, significantly expanding usability beyond the limitations of traditional meal card programmes.

Under the new Income Tax Rules 2025 (effective April 1, 2026), the meal coupon exemption limit has been raised from ₹50 per meal to ₹200 per meal. At 2 meals per working day and 22 working days per month, the annual tax-free meal benefit is now up to ₹8,800/month (₹1,05,600 annually) under structured meal benefits. This applies under Section 17(2)(viii) of the Income Tax Act, read with Rule 3(7)(iii).

Yes. Employees can claim tax exemption on up to 2 domestic journeys in the 2026–2029 LTA block under Section 10(5).

The exemption covers actual fare costs for air, rail, or public transport, taken via the shortest route, for the employee and immediate family (spouse, children, dependent parents/siblings).

EnKash's LTA wallet tracks claim eligibility automatically and maintains documentation for audit purposes.

Most companies go live within 48 hours after documentation.

• Virtual cards: issued instantly

• Physical cards: delivered in 3–5 working days

Dedicated onboarding support ensures a smooth rollout.

Pluxee (operated by Sodexo SVC India Pvt Ltd) is a well-known legacy player with over two decades in the Indian market. However, as a subsidiary of a global French parent company, its product roadmap and support responsiveness are often influenced by global priorities rather than India-specific needs. User reviews on both Google Play and the Apple App Store consistently highlight issues with app reliability — login failures, OTP errors, and intermittent downtime — along with complaints about slow customer support response times. EnKash, by contrast, is a fully India-based, RBI-licensed fintech company with a product roadmap driven entirely by Indian corporate requirements, modern UPI-enabled payments, and dedicated premium support.

No. Employee benefits are structured by reallocating existing salary components. Companies can improve employee take-home pay without increasing total CTC.

Yes. EnKash operates under an RBI-issued PPI license and follows strict compliance standards, including PCI-DSS and enterprise-grade security protocols.

EnKash offers transparent, competitive pricing tailored to the size of the corporate client and the scope of the wallet programme. Pricing is typically structured as a combination of per-card issuance fees and platform usage charges. There are no hidden costs, and the pricing model is designed so that the employee tax savings far exceed the programme cost, making it cost-positive for the organisation. Contact the EnKash sales team for a customised quote.

The product is designed for corporate employers — specifically HR, Finance, and Admin teams — who want to optimise employee CTC structures and increase take-home pay without raising gross salary costs. It is suitable for organisations of all sizes, from mid-market companies with 50 employees to large enterprises with thousands.