Associate has the flexibility to restructure the FBP eligibility within his/her salary by choosing one or more of the FBP Components mentioned below.

 

The FBP is based on the current tax laws, Company’s interpretation of such tax laws and the legal advice received by the Company. Any change in the tax laws and / or interpretation may lead to a change in this plan, which will be intimated to Associates in advance.

 

The Company may, at its sole discretion, alter, amend or delete any of these benefits at any time to comply with statutory provisions. The grade specific eligibility and applicable annual limits per component are as under:

 

 


 GRADES

 

 

REIMBURSEMENTS

Executive

Band

1 to 5

AM Band

1 to 2

AM Band

3 to 5

Manager Band

1 to 4

Senior Manager Band

1 to 3

GM Band

1 to 2

VP Band

1 to 2

 

LEAVE TRAVEL

 

1

MONTH

BASIC ONCE IN 2 YEARS

1 MONTH

BASIC ONCE IN 2 YEARS

1 MONTH

BASIC ONCE IN 2 YEARS

1 MONTH

BASIC ONCE IN 2 YEARS

1 MONTH

BASIC ONCE IN 2 YEARS

1 MONTH

BASIC ONCE IN 2 YEARS

1 MONTH

BASIC ONCE IN 2 YEARS

 

MEDICAL

 

 

15000

 

15000

 

15000

 

15000

 

15000

 

15000

 

15000

 

TELEPHONE

 

 

 

 

12000

 

15000

 

18000

 

20000

 

24000

 

MEAL COUPONS

 

 

 

 

 

13200

 

13200

 

13200

 

 

13200

 

13200

 

COMPANY ATTIRE 

 

 

 

24000

 

36000

 

48000

 

60000

 

60000

 

FUEL & MAINT IN LIEU OF TRANSPORT ALLOWANCE 

 

 

 

21600

28800

 

21600

28800

 

21600

28800

 

21600

28800

 

21600

28800

 

DRIVER SALARY WHEN IN LIEU OF TRANSPORT ALLOWANCE 

 

 

 

10800

 

10800

 

10800

 

10800

 

10800

 

 

Transport Allowance of Rs 1600/-PM is by default admissible for all associates when not opted for Fuel & Driver Salary under the FBP Option.

Associates joining/separating/relocating during the year, will be eligible for pro-rata FBP limit as applicable to them