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Medical Reimbursement

Medical Reimbursement

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Published by: Rawinder on Feb 13, 2009
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06/16/2009

Medical Reimbursement : i) ii) iii) Only confirmed employees who are on the time pay scale only are covered

under the scheme for extension of medical reimbursement benefits. The maximum reimbursement per year for an employee shall be limited to one-month basic pay of the employee per annum. The claim for medical reimbursement for self and family can be made once for the quarters of January to March, April to June, July to September and October to December in the next month of the quarters i.e., April, July, October and January. Family shall mean and include spouse, dependent children and dependent parents. Employees have to ensure that their claim reaches the HR department on or before 20th of April, July, October or January in respect of previous quarters and these dates shall be known as standard dates for processing of claims of medical reimbursement. The claim for reimbursement of expenses on medical treatment for self and family shall be submitted only along with the prescription issued by the attending Medical Practitioners and bills for the expenditure incurred. Incomplete claims shall be returned to the employees without being processed and the employees can re-submit them only on the standard dates of processing of claims of medical reimbursement.

iv)

v)

(Medical Reimbursement Claim form can be downloaded from Website) Leave Travel Concession (LTC):
i) Only all confirmed employees who are on the time pay scale only and who have completed one year of continuous service are eligible for Leave Travel Concession once in a block of two calendar years subject to production and verification of cash receipts for journeys undertaken. The claim for reimbursement is restricted to the actual cost of travel subject to a maximum of one month basic for the travel undertaken from the place of work of the employee to his/her hometown or any other place in India by the shortest route and back for himself/herself and members of his/her family. Family includes spouse, dependent children and dependent parents.

ii)

iii) Claims for LTC are to be submitted in the prescribed form. Employees may avail of a maximum of 80% of the eligible amount as advance and have to submit the bills within ten days of the date of reporting to duty. (LTC Claim form can be downloaded from Website)

Social Security: Contributory Provident Fund
i) ii) All employees who are on the time pay scale are eligible for contributory provident fund as per the provisions of the Provident Fund Act, 1952 The employer’s contribution will be limited to 12 percent of Basic Pay plus Dearness Allowance.

E.S.I Applicability of the Employee State Insurance Act, wherever enforced by the Government Authority, employees drawing Gross salary of less than Rs.10,000/-per month shall be covered under E.S.I Scheme as per Rules & Regulations.
Gratuity All employees who are on the time pay scale of the REMEDY and have been in continuous service for five years and above shall be eligible for Gratuity as per the provisions of The Payment of Gratuity Act, 1972.

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