Objective To assist the employees to meet the medical expenses of self and their family members. Eligibility: ‘* All employees in the Bands A to H are eligible for reimbursement of domi + ‘Family’ means self, spouse, children and parents dependent on the employee. * Incase of married females, parents-in-law are eligible for the benefits under the July 2, 2010 REIMBURSEMENT OF MEDICAL EXPENSES ry medical expenses incurred for self and member(s) of his family, as per annual entitlement. scheme. Entitlement: Entitlement Per Annum fae {Rs.) A 26000 8 22000 c 20000 D 18500 E 15000 F 15000 G 15000 H 15000 Implementation: “Year’ for this purpose means 1* April to 31% March i.e. the fiscal year. Total amount of reimbursement per annum is subject to provisions of the Income Tax ‘Act and rules thereunder, in this connection. In case of change in Band of the employee by means of promotion or otherwise, the entitlement shall be as applicable to the changed band proportionately and with effect from the date of such change. In case of severance, the benefit shall be calculated on pro-rata basis up to the date of severance and shall be reimbursed / paid, subject to provisions of Income Tax Act | or excess amount reimbursed, if any, shall be recovered. Medical expenses incurred on treatment under Allopathic, Ayurvedic or Homeopathic shall only be considered for reimbursement against bills from registered medical practitioners & pharmacists only. {Procedure ‘* Statement of medical expenses should be submitted only once in a year and latest by 28" February of the respective financial year by the employee in the prescribed form (Annexure 1) to Corporate/ Finance & Accounts supported by appropriate receipts. Finance department will grant the tax exemption in respect of these medical bills that will be taken care of, while computing the tax in March every year. © The reimbursement of medical expenses shall be made through monthly salary, instead of current practice of quarterly payment. The employees will thus, be paid the prorate amount through the monthly salary as per their annual band limit which will be treated as fully taxable. ‘+ Mediclaim Premium paid by employee for self and family can also be reimbursed to ‘employees against their annual entitlement. * Employees who are covered under the Employees’ State Insurance Act are not covered under this Scheme. * Expenses incurred in connection with following items are not allowed for! reimbursement: a. All types of cosmetics b. Hair Tonic cc. Sanitary Towels ete. 4, Bournvita, Ovattine, Horlicks, Malts, Boost, Complan, drinking chocolate and any other health drinks etc. + Employees are required to submit original medical bills. Claim against false / fake medical bills shall be viewed seriously and appropriate disciplinary action shall be taken. ‘The above scheme is effective from June 1, 2010. This supercedes the Reimbursement of Medical Expenses Scheme dated August 01, 2006, and all circulars / amendments / notices issued / practices and usages with respect to the same till above-mentioned date. The Members of Committee of Direction reserve the right to amend / alter / modify and/or rescind the above. #) VRGAS RD Chaudhari Associate Vice President - Corporate HRM & C Date of Release : 02.07.2010 Date of Review : 01.07.2012Name of the Employee: ‘Annexure 1 STATEMENT OF MEDICAL EXPENSES For the year ended Personnel No. Band: Bank: Alc No.: Sr.No. | Receipt No & Date ‘Name of the Patient “Amount and Relationship (Rs) | Ie ‘Submitted by (Employee Signature) Date: Passed for Payment Rs, (In Words) Checked by Manager (Fin)