Flexible Benefit Pay Policy

Policy Purpose
The policy aims to provide flexibility to the associates, as permitted by India IT rules, to plan their compensation structure to suit their personal prefer...
Mon, 8 Jun, 2015 at 3:28 PM
Policy Scope & Applicability
All associates on permanent rolls on India payroll. The policy is not applicable to associates on direct contract, sub-contract or retainer ship or any othe...
Mon, 8 Jun, 2015 at 3:29 PM
Responsibility
This document is owned by the HR department of Channelplay Limited. The HR department will issue amendments as and when necessary. The HR function would kee...
Mon, 8 Jun, 2015 at 3:30 PM
FBP Components & Eligibility
Associate has the flexibility to restructure the FBP eligibility within his/her salary by choosing one or more of the FBP Components mentioned below.   ...
Mon, 8 Jun, 2015 at 3:31 PM
Notes on FBP Components
The flexible benefit plan offers to associates a choice between permissible benefits which will allow for tax exemption as per the IT rules (India).
Mon, 8 Jun, 2015 at 3:32 PM
Leave Travel Allowance
Payable towards reimbursement of cost of travel tickets associated with travel undertaken within India.  As per Income Tax Rules, tax exemption will be appl...
Mon, 8 Jun, 2015 at 3:32 PM
Medical Reimbursement
This covers reimbursement of expenses towards medical care of the associate and dependents namely spouse, dependent children and dependent parents, during t...
Mon, 8 Jun, 2015 at 3:32 PM
Telephone Reimbursement
  a) The claim may pertain to phone connections, inclusive of residential landline and mobile phone provided the expenses being claimed against such conne...
Mon, 8 Jun, 2015 at 3:34 PM
Selection of FBP Plan
· All associates are required to indicate the structure of their FBP within the timelines Failure to do so will lead to payment of the Flexi pay amount thr...
Mon, 8 Jun, 2015 at 3:35 PM
Option to choose the selected FBP
  · Option to change flexi would be available only at the beginning of Financial Year (April month) or after revision of salary w.e.f. compensation change...
Mon, 8 Jun, 2015 at 3:36 PM