2. Dearness Allowance - DA is currently 85.5% of Basic it is revised every quarter as per cost of living index (AICPI All India Consumer Price Index).
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1 PAY AND PERKS 1. Basic E3 Grade ` 24,900/- to ` 50500/- pm & E4 Grade ` 29100/ - to ` 54500/-pm 2. Dearness - DA is currently 85.5% of Basic it is revised every quarter as per cost of living index (AICPI All India Consumer Price Index). 3. Perks & s - Up to a maximum of 50% of Basic Cafeteria approach for choosing the perks and s from given list (provided in subsequent slides) 4. HRA - Provided to executives who have not been provided company accommodation depending on place of posting (population) 30% of BP (>= 50 L), 20% (5L to 50L), 10% (< 5L) HRA House Rent s 5. CMPF & Pension - CMPF 12% contribution from both employer and employee. CMPF Coal Mines Provident Fund 6. Pension Contribution by employee - On completion of minimum 10 yrs of service and at maximum 30 yrs of service, 25% of BP+DA 7. PRP (Performance Related ) maximum 40% of BP for grade E1 varies with place of posting and on fulfillment of Govt. Guidelines Pariculars E3 E4 Basic DA (85.5%) HRA(30%) Perks(50%) NPA (17.5%) CFA(7%) R.Benefit (30%) NEC All (12.5%) Total per month Total per year PRP CTC per year
2 Transportation Domestic & Residential List of Perks & s Description Amount pm House Furnishing Reimbursement of expenditure incurred on purchase, repair or replacement of furniture and other durables on 7% of Basic House up-keep Reimbursement of expenditure - maintenance of residential houses Domestic Assistance Engaging servants for domestic assistance reimbursement on self declaration Fuel / LPG Reimbursement of fuel/lpg purchase on bill Electricity Reimbursement of electricity charges for selfconsumption on bill Conveyance Officers having vehicle registered in their names 4 wheelers (@5% BP pm), 2 wheelers (@2% BP pm) Vehicle Maintenance Repair and maintenance of vehicle registered in officer s name - 4 wheelers (@5% BP pm), 2 wheelers (@2% BP pm) reimbursement against vouchers Vehicle Fuel Reimbursement of cost of fuel consumed against cash receipts or vouchers - 4 wheelers (@7% BP pm), 2 wheelers (@3% BP 7% of BP Driver Driver for self & family on self declaration Transport Assistance Officers not availing any of the above transportation allowances and not availing company s car
3 Personal s Educational s List of Perks & s (Contd.) Description Amount Children Education On the basis of certificate issued by educational institution, for maximum 2 children per child per month study in school (2%), post school / college (3%), UG / PG study in professional institution or university 7% of BP Hostel Children studying out-station and residing in hostel maximum 2 children per child per month basis per child pm Professional Development Reimbursement of expenses on purchase professional books, encyclopedia, Manuals, Journals, Audio/Visual aid for enrichment of professional 2 % of BP Knowledge update Reimbursement of expenses on newspapers /magazines/ knowledge books Internet Reimbursement of amount against bills / vouchers from internet outlet Entertainment Reimbursement of expenses on entertainment of guests against vouchers Canteen / Tiffin / Working lunch Reimbursement of expenses on working lunch against vouchers where company has not provided subsidized canteen facility Kit / Dress Reimbursement of expenses on purchase of dress, shoes etc. against voucher Laundry / Washing Washing & maintenance of personal clothing reimbursement against voucher Mobile / Telephone Reimbursement of expenditure on personal telephone, mobile, fax etc. on production of voucher or cash receipt
4 OTHER ALLOWANCES / FACILITIES 1. LTC / LLTC -LTC - For self and dependents, once in every yr for visiting home town, LLTC (Long leave travel concession) -Once in a block of 4 yrs (in that yr LTC will not be available). 2. Medical Benefit -Unlimited free medical treatment for self and dependents in company hospitals (upto 15,000 non-taxable), Unlimited reimbursement of medical expenses incurred outside company or company empaneled hospitals as per extent medical attendance rule 3. Schooling Facility -In the event of posting in Coalfield reputed schools are available with Subsidized transport facility for the employee children. 4. Leased Accommodation For officers posted at Kolkata, Mumbai & Delhi, leased accommodation to the extent of 50% of basic pay recovery of House Rent will 10% of basic pay. Amount of rent > 50% will be borne by the officer concerned. Expenditure on leased accommodation shall be considered as 30% of Basic pay for CTC. This is applicable to Directors and Senior Executives only, when company accommodation is not available. POST RETIREMENT 1. Gratuity - As per ment of Gratuity Act 1972 on completion of 5 yrs of service with the company with a maximum of Rs. 10 Lakhs 2. Dependents Employment - In the event of death/medical unfitness/ permanent total disablement, one employment is considered for the dependent of the executive. 3. Post Retirement Medical Benefit - After retirement Rs.5 L will be covered for medical treatment of the executive and his spouse. In addition, an amount of Rs will be paid for regular treatment for a period of 1 yr without production of any documents. Unlimited coverage for certain specified diseases. 4. Accidental Death or Permanent Total Disablement (PTD) - One time payment of Rs. 5 L in addition to statutory and other payments
5 Special s Eligibility Amount pm a North East Executives posted in Assam Coalfields or any of the NE 12.5% of their basic pay b Underground Executives required to work in underground mine subject to condition that they carry out qualifying visit to 15% of Basic 5% Basic in Area Lev c Non-practicing Medical 17.5% of Basic d Coalfields Executives posted in Coalfields 6% of Basic e New Project Officers posted in new projects or projects under 5% of Basic f CHP/OCP/Washery/C oke oven/ Exploration Camp All Executives posted in CHP/OCP/Washery/ Cokeoven/ Exploration 5% of Basic g Charge Officers required to get Safety clearance and stock 4% of 2% of Basic Others having statutory requirement h Rescue Station For trained rescue person posted at rescue 1.5% of Basic i Refresher / Pit practice For officers engaged in rescue or recovery 1% of Basic j Annual Rescue Bonus For completing 8 refresher / pit practices in a 1% of Basic k Proto & Stand-by Trained rescue personnel engaged in actual rescue / recovery For Captains (1%), For Others (0.5%), Stand-by 1% / 0.5% of Basic
Pay Structure and Allowances
Pay Structure and Allowances Particulars E8 Basic 51300 DA (120.3%) 61713.9* HRA (30% 15390** Perks (50%) 25650 Superannuation (30%) 15390 Total Per Month 169443.9 Total Per year 2033326.8 PRP per year
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