How can an employee claim the FBP components?

FBP stands for "Flexible Benefit Plan." It's a type of employee benefit plan that allows employees to choose from a range of pre-tax benefits to create a customized package that suits their individual needs. These benefits may include options like health insurance, life insurance, retirement savings plans, and more. FBP is designed to provide employees greater control over their benefits and allow them to choose the benefits that best fit their unique circumstances. 

To claim an FBP component, navigate to My Finances (1) >> My Pay (2) >> Flexible Benefit Plan (3)

Now click on Add FBP (4).

In the window that opens you can add the amount for the FBPeligible component(s) assigned to you.

Once done, click Add.

And that's how can claim an FBP component. And same amount will be reflected in the Income Tax computation as 'Tax Exempted'

Once we create any reimbursable component as FBP, then you need to claim the amount to get tax exempted  through component claims, though ou have added the amount in the FBP claim.

You can only claim the FBP component in the starting of the financial year or in case of any salary revision.

You can also check out the article on making a component in a salary structure a part of FBP.