a) The claim may pertain to phone connections, inclusive of residential landline and mobile phone provided the expenses being claimed against such connection/s is on account of use for official purposes.

 

b) Broadband charges are not eligible for reimbursement.

 

c) Any connection towards which a benefit is claimed should be in the name of the associate as per the Company’s records in order to be able to account for extension of tax exemption.

 

d) Any mobile connection towards which a benefit is being availed under the Mobile Reimbursement Policy will not be eligible for a benefit under FBP.

 

e) Accordingly associates are required to declare that the claim is towards expenses on account of use for official purposes only, does not pertain to a mobile for which a benefit is being claimed under the mobile reimbursement policy and does not include broadband charges etc.

8.1 Meal Coupons

 

This covers reimbursement of Rs 50/- per meal per day for all Grades from Assistant Manager Band 3 onwards. Hence standard limit of Rs 1100/- per Month for eligible associates

8.2 Company Attire

 

This covers reimbursement against the purchase of Company attire for all Corporate Grades starting from Assistant Manager Band 3 onwards as per the limit laid down for the eligible associates.

 

8.3 Fuel & Driver Salary

 

This is applicable to associates in APM Grade BAND 3 and above, from home to office and back please note that such personal car should be in the name of the associate. A copy of RC will be required as proof for claiming under this option. The perquisite rules for Fuel Driver Salary reimbursements are as under:

a) Employees using Own Car & claiming reimbursements (it would be assumed for the purpose of taxation that you own a car where the cubic capacity of the engine does not 

     exceed 1.6 liters’).

Fuel reimbursement excess of Rs. 1,800/- p.m. would be treated as taxable perquisite.

Driver's salary reimbursement excess of Rs. 900/- p.m. would be treated as taxable perquisite

b) Employees using Own Car & claiming reimbursements (it would be assumed for the purpose of taxation that you own a car where the cubic capacity of the engine exceeds 

     1.6 liters’).

Fuel reimbursement excess of Rs. 2,400/- p.m. would be treated as taxable perquisite.

Driver's salary reimbursement excess of Rs. 900/- p.m. would be treated as taxable perquisite.