Thu, Apr 27, 2017 | updated 12:36 PM IST

Zeta launches first paperless LTA claims platform in India

Updated: Jan 13, 2017 15:32 IST      
Zeta launches first paperless LTA claims platform in India

New Delhi [India], Jan 13 (ANI): Fintech startup Zeta is offering smart employee benefits for tax saving under its Optima brand has announced the launch of the first fully digital Leave Travel Allowance (LTA) solution.

Known as the Optima LTA Card, this solution will help organisations manage employees' leave travel allowance claims or reimbursements digitally and enable employees to submit claims instantly.

Optima LTA Card is built on Zeta's digital platform that is uniquely designed to process LTA claims the paperless way. Employees are now empowered to submit their travel claims digitally and thereby avoid extensive paperwork.

It is more simple and seamless for both organisations and employees. This proves to be a significant leap towards rapid digitization a move staunchly supported by the Indian Government. Moreover, Optima LTA Card is compliant with all legal mandates set by the Income Tax Department. Zeta team at the back-end tracks the shortest distance between two destinations using a government-approved database and thereby enable accurate assessment.

Organisations need not collect and verify paper bills manually since all verifications will be handled by Zeta Optima at the back end. By adopting the Optima LTA Card, Human Resource professionals don't need to worry about complex paperwork and procedures to handle LTA.

Moreover, this solution enables digital storage of bills over a period of seven years and employers can track LTA bills and employee claims online at any given point of time. Employees could also enjoy absolute freedom from paperwork, and conveniently avail significant tax benefits.

" Optima LTA Card reinforces our commitment to make tax-saving solutions easily accessible for all. As our country is moving to a digital era, the digitized LTA solution is a good alternative to the otherwise process-plagued tax benefit solutions and is easy to manage for organisations and for employees to avail," said co-founder and CEO Zeta, Bhavin Turakhia.

"We leverage a compliant database of a government carrier to verify all travel-related information including ideal routes, fares and so on. This ensures compliance to government mandates. Our state-of-the-art verification process of travel documents includes a thorough check by advanced bots to identify bill duplication if any; thereby, enabling a security-rich LTA claims process. The digitized solution will make it very easy for both employers and employees to keep a track of LTA claims," said co-founder and CTO Zeta, Ramki Gaddipati. (ANI)

New Delhi [India], Apr 27 (ANI): Edelweiss Tokio Life Insurance, the joint venture between the Edelweiss Group and Tokio Marine Holdings of Japan, on Wednesday obtained approval from the Insurance Regulatory and Development Authority of India (IRDAI) for 'POS - Saral Nivesh' , which will be sold over the counter for the first time in India under the POS (Point of Sale) guidelines.

Full Story >>

PVR Cinemas signs five-theatre deal with IMAX

Updated: Apr 27, 2017 10:12 IST     

New Delhi [India], Apr 27 (ANI): Multiplex chain PVR Ltd. on Wednesday signed an agreement with IMAX Corporation to add five more IMAX theatres in the Indian market. Through this rollout, PVR cinemas will reach a count of 10 IMAX screens and retain its position as the largest IMAX partner in India.

Full Story >>

New Delhi [India], Apr 27 (ANI): According to the real estate advisory firm PropTiger.com's findings, the real estate sector

Full Story >>

UN Global Compact's annual conference commences in New Delhi

Updated: Apr 27, 2017 09:50 IST     

New Delhi [India], Apr 27 (ANI): The United Nations Global Compact on Wednesday kicked off its two-day event, bringing together over 300 leaders from business, finance, civil society, government and the UN in New Delhi for its regional flagship event 'Making Global Goals Local Business - India'.

Full Story >>

UTStarcom to expand its footprint in India

Updated: Apr 27, 2017 09:21 IST     

New Delhi [India], Apr 27 (ANI-NewsVoir): UTStarcom India Telecom Pvt. Ltd., a global telecommunications infrastructure provider on Wednesday announced its plan to increase its investment in India at the 'Next Gen Innovation Summit 2017- and Beyond', an event organised by UTStarcom Inc.

Full Story >>

New Delhi [India], Apr 26 (ANI): Emaar India, the iconic brand and leading global property developer, has received the Occupancy Certificate for its LEED-certified Integrated IT Park Complex Digital Greens, located in Sector 61, Gurgaon.

Full Story >>

Yahoo India homepage gets brand new look

Updated: Apr 26, 2017 15:59 IST     

New Delhi [India], Apr 26 (ANI-BusinessWireIndia): We're excited to announce the new Yahoo Homepage, along with updates to Yahoo Finance, Yahoo Cricket and Yahoo Lifestylefor users in India.

Full Story >>

New Delhi [India], Apr 26 (ANI): Expanding its horizons, Capillary Technologies announces the initiation of its first technology team overseas, with Tony Wang as its newly appointed Director of Technology.

Full Story >>

New Delhi [India], Apr 26 (ANI-BusinessWireIndia): CSS Corp, a leading IT Services and Technology Support company, today announced the opening of its new global delivery centre in International Tech Park (ITPB), Bangalore to house the company's expanding Infrastructure Management and Tech Support Business.

Full Story >>

New Delhi [India], Apr 26 (ANI): Tutoring is a highly remunerative vocation in India but not many private and home tutors are aware of the best ways of cashing in on their potential in this highly competitive digital ecosystem.

Full Story >>

New Delhi [India], Apr 26 (ANI): India's leading Bitcoin and Blockchain company Unocoin on Wednesday announced taking a step closer towards a frictionless experience in buying Bitcoin for Indians.

Full Story >>

No plans to impose tax on agriculture income: Jaitley

Updated: Apr 26, 2017 13:52 IST     

New Delhi [India], Apr 26 (ANI): Union Finance Minister Arun Jaitley on Wednesday asserted that that the Centre has no plans to impose any tax on agriculture income, while acknowledging that as per the Constitutional Allocation of Powers, the central government has no jurisdiction to impose tax on agricultural income.

Full Story >>

New Delhi [India], Apr 26 (ANI-NewsVoir): UCWeb, part of Alibaba Mobile Business Group, has outlined detailed guidelines for writers and content creators to join the 'Super 1000' Program launched in March 2017.

Full Story >>

New Delhi [India], Apr 26 (ANI): The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999.

Full Story >>

New Delhi [India], Apr 26 (ANI-NewsVoir): Delhi has another reason to rejoice as this year, the prestigious Dada Saheb Falke Excellence Award has been bestowed for best Video album of the year to Rajeev Kapur and Sweety Kapur starrer Sath Mere - Love Never ends.

Full Story >>

New Delhi [India], Apr 26 (ANI-NewsVoir): Melsh Tours India, recently conducted two back to back 10 Day cricket tours to India that saw active participation from South African young teams, Cape Invitational XI from Namibia on one tour and CK All Stars XI from South Africa on another.

Full Story >>

New Delhi [India], Apr 26 (ANI): The market on Wednesday witnessed a surge in the Indian rupee in its initial gains and breached the 64 mark against the US dollar.

Full Story >>

New Delhi [India], Apr 26 (ANI): Online recruitment marketplace AasaanJobs has announced phenomenal business growth of over 40 percent in its overall business via its mobile application, which helps thousands of candidates across India to find the right job based on their skills and requirements.

Full Story >>

New Delhi [India], Apr 26 (ANI): Siemens Healthineers has announced successful installation of India's first fully automated Aptio Automation track with multidiscipline modalities at the Aspira Pathlab and Diagnostic Limited, Mumbai.

Full Story >>

New Delhi [India], Apr 26 (ANI-NewsVoir): Shardul Amarchand Mangaldas has great pleasure in announcing the joining of Amit Khansaheb together with a team of 5 other Partners, who were until recently with the firm of BMR Legal.

Full Story >>