"A tax exempt benefit" is a benefit on which you pay no taxes.
Most benefits are tax-exempt, which means there are no tax on them. Social insurance and retirement benefits are the most well-known of this sort of advantage. In fact, accident and medical advantages and retirement benefits make up the biggest offer of bosses' compensation toward representatives' advantages.
Fortunately, not exclusively are these advantages assess excluded, yet anything a worker pays toward them can be deducted from the gross pay, so the representative doesn't need to make good on regulatory expenses on that piece of his compensation or wages.
