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BEL Executive Wage Revision-2009

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This document pertains to Bharat Electronics Ltd. wage revision effective from 1.1.2007.
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OFFICE ORDER NO. HO/250/043 12 th May, 2009 Sub: Revision of Scales of Pay and Allowances of Executives holding Board Level and below Board Level posts (including TC Personnel). -o0o- 1.0. PREAMBLE 1.1 The Scales of Pay of the Executives holding Board Level and below Board Level posts (including TC Personnel) were last revised by the Government with effect from 01.01.1997 for a period of ten (10) years. The revision became due from 01.01.2007. The Government of India constituted a Pay Revision Committee (2 nd PRC) to recommend Pay and Allowances of above categories of executives. The Government after due consideration of the recommendations of 2 nd PRC decided to revise the Scales of Pay and Allowances of the Executives and accordingly, issued OM No.2(70)/08-DPE(WC) dated 26.11.2008, No.2(70)/08-DPE(WC)-GL-IV/09 dated 09.02.2009 and No.2(70)/08- DPE(WC) dated 02.04.2009 with a directive that the same would be implemented in the CPSEs by issuance of Presidential Directives by the concerned Administrative Ministry. 1.2. Management is pleased to announce the revision of scales of pay for Board Level and below Board level executives(including
Transcript
Page 1: BEL Executive Wage Revision-2009

OFFICE ORDER NO. HO/250/043 12 th May, 2009

Sub: Revision of Scales of Pay and Allowances of Executives holding Board Level and below Board Level posts (including TC Personnel).

-o0o-

1.0. PREAMBLE

1.1 The Scales of Pay of the Executives holding Board Level and below Board Level

posts (including TC Personnel) were last revised by the Government with effect from

01.01.1997 for a period of ten (10) years. The revision became due from

01.01.2007. The Government of India constituted a Pay

Revision Committee (2nd PRC) to recommend Pay and Allowances of above

categories of executives. The Government after due consideration of the

recommendations of 2nd PRC decided to revise the Scales of Pay and Allowances of

the Executives and accordingly, issued OM No.2(70)/08-DPE(WC) dated

26.11.2008, No.2(70)/08-DPE(WC)-GL-IV/09 dated 09.02.2009 and No.2(70)/08-

DPE(WC) dated 02.04.2009 with a directive that the same would be implemented in

the CPSEs by issuance of Presidential Directives by the concerned Administrative

Ministry.

1.2. Management is pleased to announce the revision of scales of pay for Board Level

and below Board level executives(including TC Personnel) with effect from

01.01.2007 and Perks & Allowances w.e.f. 26.11.2008, in terms of the Presidential

Directives received from the Ministry of Defence vide their letter No. 17(1)/2009-

D(BEL) dated 27.04.2009. Accordingly, Scales of Pay, Perks and Allowances are

revised in respect of Executives holding Board Level and Below Board Level posts

(including TC Personnel) who are on the regular rolls of the Company as on

01.01.2007 as per the details given in the following paragraphs.

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2.0. REVISED PAY SCALES:

2.1. The following shall be the Revised Scales of Pay for Board Level and below Board

Level Executives (including TC Personnel) with effect from 01.01.2007:-

BOARD LEVEL POSTS

GRADE PRE-REVISED SCALES

OF PAY

RS.

REVISED SCALES OF

PAY

RS.

CMD 27750 – 750 – 31500 80000 – 125000

FUNCTIONAL DIRECTOR

25750 – 650 – 30950 75000 – 100000

BELOW BOARD LEVEL POSTS

GRADE PRE-REVISED SCALES OF PAY RS.

REVISED SCALES OF PAY RS.

TC - I 6000 - 160 - 9200 11500 - 29700 TC - II 6400 - 180 - 10000 12250 - 31600 TC - III 6550 - 200 - 11350 12600 - 32500TC - IV 8600 - 250 - 14600 16400 - 40500TC - V 10750 - 300 - 16750 20600 - 46500E-I 6550 - 200 - 11350 12600 - 32500E - II 8600 - 250 - 14600 16400 - 40500E - III 10750 - 300 - 16750 20600 - 46500E - IV 13000 - 350 - 18250 24900 - 50500E - V 14500 - 350 - 18700 29100 - 54500E - VI 16000 - 400 - 20800 32900 - 58000E - VIA 17500 - 400 - 22300 36600 - 62000E - VII 18500 - 450 - 23900 43200 - 66000E - VIII 20500 - 500 - 26500 51300 - 73000E - IX 23750 - 600 - 28550 62000 - 80000

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3.0. DURATION:

3.1 The duration of the revised Pay Scales and Allowances will be as stipulated by the

DPE.

4.0. DEARNESS ALLOWANCE:

4.1. 100% Dearness Allowance (DA) neutralization shall be adopted for all the executives

holding Board Level and below Board Level posts (including TC Personnel) with effect

from 01.01.2007. Thus, DA as on 01.01.2007 will become ‘Zero’ with link point of All

India Consumer Price Index(AICPI) 2001=100, which is 126.33 as on 01.01.2007.

The first installment of DA will become due from 01.04.2007. The DA payable from

01.04.2007 to Executives holding Board Level and below Board Level posts (including

TC Personnel) will be as per the new DA rates.

4.1.1. AICPI for Industrial Workers (General) based on 2001=100 will be used for grant of

compensation to the executives for the price rise.

4.1.2. DA will be paid for increase in AICPI above Quarterly Index Average of 126.33 to

which the revised scales of pay (2007) are related.

4.1.3 DA installments will be revised four times in a Calendar Year with effect from 1st

January, 1st April, 1st July and 1st October. The quarterly averages to which these

installments relate to will be as follows:

Quarterly Averages Payable from

September, October & November 1st January

December, January & February 1st April

March, April & May 1st July

June, July & August 1st October

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4.1.4 The percentage increase in the Quarterly Average of the AICPI over index

126.33 points will be taken up to one decimal point.

4.1.5 In calculating the quantum of DA payable on the above basis, fraction of 50 paisa

and above will be rounded off to the next higher rupee and fraction below 50

paisa will be ignored.

4.2. The revised rates of DA payable to Executives for the quarter commencing from

01.01.2007 to the quarter ending with 30.06.2009 will be as under:

Date of Dearness Allowance

Rate of Dearness Allowance

  (in percentage) of basic pay

01.01.2007 0

01.04.2007 0.8

01.07.2007 1.3

01.10.2007 4.2

01.01.2008 5.8

01.04.2008 6.3

01.07.2008 9.2

01.10.2008 12.9

01.01.2009 16.6

01.04.2009 16.9

4.3. Non-Practicing Allowance paid to Medical Officers will count as ‘Pay’ for the

purpose of determination of Basic Pay for drawal of DA. However, the following

payments shall NOT count as ‘Pay’ for drawal of DA:

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a) Family Welfare Increment paid in terms of Office Order No.

HO/825/003 dated 06.08.1980 as amended from time to time;

b) ‘Acting Allowance’ in terms of Office Order No. HO/339/001 dated

10.07.1976 as amended from time to time;

(c) Grant of Monetary Incentive in the form of ‘Personal Pay’ for passing

Hindi, Hindi Typewriting and Hindi Stenography exams, in terms of

Office Order No. HO/857/011 dated 09.02.1990 as amended from time

to time.

4.4. The rates of DA payable for every quarter under the DA scheme will be notified

by Corporate Office, separately, from time to time.

4.5. The Dearness Allowance / Dearness Pay already paid for the period

commencing from 01.01.2007 till date under the Office Orders issued from time

to time will be fully adjusted against the arrears payable under this Office Order.

5.0. FIXATION OF PAY IN THE REVISED SCALES OF PAY.

5.1 The pay of Executives who were on the rolls of the Company as on 01.01.2007

will be fixed in the revised pay scales with effect from 01.01.2007 as indicated

below:

5.2 Pay fixation in the Revised Scales of Pay (2007) in respect of those who

were on the rolls of the Company as on 01.01.2007:

I STEP: (a) Ascertain the basic pay as on 01.01.2007 including ‘Stagnation

Increment’, if any, arising as a consequence of Office Order No.HO/250/030

dated 06.09.1999 , excluding

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(i) Annual increment due on 01.01.2007;

(ii) Additional Increments granted w.e.f 01.12.2006 (in terms of Office

Order No. HO/250/040 dated 25.06.2007);

(iii) Personal Pay / Special Pay if any, arising as a consequence of

Office Order No. HO/250/030 dated 06.09.1999 towards Pay

protection;

(iv) Monthly cash incentive drawn under Family Welfare Programme as

on 01.01.2007 in the pre-revised scales of pay (1997) ( in terms of

Office Order No. HO/825/003 dated 06.08.1980 (as amended from

time to time);

(v) Acting Allowance (in terms of Office Order No. HO/339/001 dated

10.07.1976 as amended from time to time);

(vi) ‘Personal Pay’ for passing Hindi, Hindi Typewriting and Hindi

Stenography exams, under Hindi Teaching Scheme (in terms of

Office Order No. HO/857/011 dated 09.02.1990 as amended from

time to time);

ADDING to the said Basic Pay, the following:

(b) Applicable amount of Industrial Dearness Allowance at 78.2% as on

01.01.2007 on the Basic Pay as in (a) above;

(c) Fitment Benefit @ 30% on Basic Pay including Stagnation Increment

(specified at Sl. No. (a) above) and D.A. of 78.2% as on 01.01.2007 in

1997 scales of Pay (specified at Sl.No. (b)) above. The fitment benefit

will not be computed on Non - Practicing Allowance payable to Medical

Officers;

II STEP: The sum of (a) + (b) + (c) arrived at above will be the ‘aggregate

amount’. The aggregate amount so arrived at would be rounded off to the next

ten rupees and pay fixed in the revised scale of pay.

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Page 7: BEL Executive Wage Revision-2009

III STEP: It would be possible that as a result of fitment in the Revised Scales

of Pay as mentioned in Step-II above, in certain cases, executives drawing pay at

two or more consecutive stages in existing pre-revised scales get bunched. In

such cases, for every two stages so bunched, benefit of one increment shall be

granted.

5.2.1. The Pay Fixation Charts (prior to grant of annual increment, promotion increment

etc., due on 01.01.2007) in respect of each Pay Scale are enclosed at

Annexure-I (1 to14).

5.3 ADDITIONAL INCREMENTS:

5.3.1 Additional increments granted to Executives (including TC Personnel) vide Office

Order No. HO/250/040 dated 25.06.2007 with effect from 01.12.2006 would be

ignored for the purpose of fitment / pay revision. The additional increments so

granted will be recovered / adjusted from the arrears of the executives including

TC Personnel w.e.f 01.01.2007. However, in respect of Executives, the net

recovery, if any, will be kept in abeyance till further orders from the Competent

Authority.

5.4 DRAWAL OF ANNUAL INCREMENTS:

5.4.1 Annual Increment @ 3% will be granted on 1st January / 1st July as per the

existing procedure in respect of Executives holding below Board Level posts

(including TC Personnel) in the revised scales of pay with effect from 01.01.2007.

The Annual Increment will be rounded off to the next multiple of Rs. 10/- .The

Executives holding Board Level posts will draw increments as per their terms of

appointment. In respect of those Executives who were due for Annual Increment

on 01.01.2007, their pay in the revised scale will be fixed with reference to

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Page 8: BEL Executive Wage Revision-2009

the pay drawn by them in the pre-revised scale as on 01.01.2007 (without adding

increment) and the Increment due on 01.01.2007 will be granted in the revised

scale of pay.

5.5 FIXATION ON PROMOTION ON 01.01.2007

5.5.1 In cases where Executives have been promoted on 01.01.2007, the pay of such

Executives shall be fixed as below:

a) Pay in the lower grade will be fixed first in the revised scales of pay;

b) If Increment is due on 01.01.2007, the same will be granted in the

lower grade in the revised scales;

c) One (1) notional increment equal to the increment being drawn by

the executives (including TC Personnel) in the lower grade will be

added; and

d) pay fixed in the promoted grade and rounded off to the next

multiple of Rs.10/-.

5.6. Executives appointed on or after 01.01.2007:

5.6.1. All the Executives who joined the service of the Company on or after 01.01.2007

would be deemed to have been directly appointed in the revised scales of pay

and NO fitment benefit would be admissible to them. Pay of Executives who

were appointed at the minimum of the pre-revised scales of pay (excluding

Additional Increments) will be fixed at the minimum of the corresponding revised

scales of pay with effect from the date of appointment.

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5.6.2. Executives appointed on or after 01.01.2007 and who had been granted

Advance Increment(s), in the pre-revised scale (1997 scales):

5.6.2.1 In case of those Executives appointed on or after 01.01.2007 and who were

granted advance increment(s) under Office Order No. HO/340/005 dated

13.11.1982 in the pre-revised scales of pay (1997 scales), their pay in the

revised scales (2007 scales) will be provisionally fixed at minimum of the

corresponding Revised Scale of Pay (2007) with effect from the date of

appointment. All such cases of pay fixation in respect of executives appointed on

or after 01.01.2007 who have been granted advance increment(s) in the pre-

revised scale (1997 scales) should be sent to Corporate Office for final pay

fixation.

5.6.3 Executives appointed on or after 01.01.2007 will earn their first increment on the

first of the month in which they complete one year of satisfactory service in the

Company and subsequent increments will be on 1st January / 1st July of the

subsequent year as per the extant practice notified vide Office Order

No.HO/250/020 dated 28.02.1991.

5.6.4 On promotion to next higher grade executives will draw their 1st increment after

completion of one year service in the promoted grade and draw subsequent

increments on 1st January / 1st July of the next year as per the extant practice.

5.7. STAGNATION INCREMENT:

5.7.1. If any executive reaches the maximum of the revised scale of pay during the pay

revision period with effect from 01.01.2007, there is a provision for grant of

Stagnation Increments upto a maximum of three (3) increments @ 3% of the

revised Basic Pay, one after every 2 years, provided the executive gets a

performance rating of “Good” or above in his / her immediately preceding year‘s

Annual Performance Appraisal. The Stagnation increment will be rounded off to

the next multiple of Rs. 10/-.

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5.8 In cases of promotion, pay fixation option after drawal of increment, if any,

already exercised will be allowed to be re-opened. Those who did not exercise

such option at the time of promotion on or after 01.01.2007 shall be entitled to

exercise such option within three (3) months from the date of issue of this Office

Order.

5.9 Method of Fixation of Pay on Promotion from the Non-Executive to the

Executive / TC Cadre:

5.9.1 Since Non-executive wage revision has not yet been finalized, such of those

executives who were promoted to Executive cadre from Non- executive cadre on

or after 01.01.2007, will provisionally be fixed at the minimum of the

corresponding revised scale of pay with effect from the date of their promotion to

executive cadre. They will draw salary (Basic Pay and DA ) in the revised scales

(2007 scales) or continue to draw their salary (Basic Pay and DA ) in the pre-

revised scales (1997); whichever is higher. Their final pay fixation in the revised

scale will be done upon finalization of non-executive wage revision due on

01.01.2007 and issue of Office Order thereof.

5.10. The method of fixation contained in this Office Order will NOT apply to the

following categories of cases, which have to be referred to Corporate Office for

decision:

i) Officers retired from the Government service and re-employed in the

Company’s service on or after 01.01.2007; and

ii) Officers who came on deputation and have been absorbed in the

services of the Company on or after 01.01.2007.

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6.0. HOUSE RENT ALLOWANCE (HRA) :

6.1 Effective from 26.11.2008 Executives (including TC Personnel) who have not

been provided with residential accommodation by the Company will be paid

House Rent Allowance (HRA) based on the re-classified list of cities as notified

by the Government of India at the following rates:-

Classification of Cities / Towns HRA Rate Per Month with population

50 lakhs and above 30% of Basic Pay

5 to 50 lakhs 20% of Basic Pay

Less than 5 lakhs 10% of Basic Pay

6.2. The rates of HRA applicable to individual Units / Offices of BEL is given at

Annexure-II.

6.3 Payment of HRA for the period between 01.01.2007 and 25.11.2008:

6.3.1. HRA already paid to eligible Executives (including TC Personnel) during the

period between 01.01.2007 to 25.11.2008 will remain unchanged.

6.4 Payment of HRA from 26.11.2008 onwards:

6.4.1. HRA to eligible Executives (including TC Personnel) from 26.11.2008 will be

computed and paid on the running basic pay in the Revised Scales of Pay (2007)

at the rates mentioned at para 6.1 above.

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6.5 On application of the provisions of para 6.1 above, in case the actual amount of

HRA as per prescribed rate is less than the actual amount of HRA drawn earlier

in the case of a particular executive, the difference would be allowed to be drawn

by the Executive as ‘Personal Allowance’ until the difference is eliminated in

course of time subject to the condition that the difference will be subsumed within

the overall limit prescribed for Perks and Allowances stipulated under Para 12.0

of this Office Order.

7.0 LEASED RESIDENTIAL ACCOMMODATION (SELF LEASED & COMPANY

LEASED) FOR EXECUTIVES HOLDING BOARD LEVEL POSTS & BELOW

BOARD LEVEL POSTS:

7.1. A separate Office Order in this regard will be issued with effect from 26.11.2008.

8.0 HOUSE RENT RECOVERY (HRR):

House rent recovery in respect of executives provided with Company owned

Accommodation will be regulated as under:

8.1 Recovery of House Rent for the period between 01.01.2007 and 25.11.2008

HRR already made during the period 01.01.2007 to 25.11.2008 will remain

unchanged.

8.2 Recovery of House Rent from 26.11.2008 onwards:

Effective from 26.11.2008, house rent recovery will be computed and recovered

from the executives on the running Basic Pay in the Revised Scales of Pay

(2007).

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8.3. HRR in respect of executives provided with Company owned Accommodation will

be made at 10% of running basic pay in the revised scales of pay (2007) or

Company- wide pooled rent, whichever is lower.

8.3.1 Company wide pooled rent referred to above shall be calculated as per the

following formula:

0.06 x plinth area x Total cost of of the house construction ofMonthly occupied in Sq. Mt all houses inCompany the CompanyWide = ----------------------------------------------------------------------------Pooled Rent 12 x Total plinth area of all the houses in Sq. Mt.

8.3.2. The revised rates of Company - wide pooled rent for the current financial year,

once announced, if any, will be made effective from 26.11.2008.

8.3.3. The rate of Company wide pooled rent will be subject to an upward revision as

and when quarters are constructed in any one or all Units.

9.0. CITY COMPENSATORY ALLOWANCE(CCA):

9.1 Payment of City Compensatory Allowance (CCA) stands dispensed with effect

from 26.11.2008. CCA already paid for the period commencing from 26.11.2008

till date will be adjusted / recovered from the arrears / salary payable under this

Office Order.

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10.0 NON- PRACTICING ALLOWANCE (NPA) TO MEDICAL OFFICERS

10.1 The Medical Officers who are appointed in the Company, on regular scale will be

paid Non-Practicing Allowance (NPA) at the rate of 20% of revised running Basic

Pay (2007) subject to a ceiling of Rs.7500/- per month with effect from

26.11.2008.

10.2 Non-practicing Allowance will count as ’Pay’ for the purpose of Dearness

Allowance, Gratuity, Contributory Provident Fund, Leave Encashment, HRA,

HRR and Perks & Allowances under para 12.0 of this Office Order.

10.3 However, NPA and its consequential benefits will not be taken into account for

any other purpose including fixation of pay in the revised scales of pay.

11.0 PROVIDENT FUND / FAMILY PENSION SCHEME ( PF / FPS)

11.1 Consequent upon revision of pay scales and DA, employer’s as well as

employee’s contribution on the revised basic and DA @ 12% effective from

01.01.2007 to the PF and statutory Family Pension Scheme will be recalculated

and differential amount recovered.

12.0 PERKS & ALLOWANCES:

12.1 Perks / Allowances under CAFETERIA APPROACH are placed at

ANNEXURE-III. It has been decided that the total compulsory and optional

perks shall not exceed 48% of running basic pay in a financial year which

includes Medical, Canteen and Monetization of schools, hospitals, clubs etc.

Other Perks like Group Insurance, Rapport Allowance, Annual Gift etc., will be

treated as covered within the balance 2%. Executives have to give an option at

the beginning of every financial year in respect of their choice in selecting the

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Perks / Allowances. Option once exercised shall be valid for the said financial

year. The Option Form is placed in ANNEXURE- IV. Office Orders on Perks

and Allowances will be issued separately.

12.2 For the period from 26.11.2008 to 31.03.2009, the procedure for payment of

Perks & Allowances will be notified separately.

13.0 PAYMENT OF ARREARS:

13.1 Eligible Executives (including TC Personnel) will be paid arrears in terms of

provisions of this Office Order viz., on account of Revised Pay, DA, Increments,

Promotion (if any), Leave Encashment, HRA (from 26.11.2008), NPA (from

26.11.2008) and applicable perks and allowances (from 26.11.2008). CCA paid

from 26.11.2008 will be recovered from the arrears payment.

13.2. Executives who cease to be in the service of the Company after 01.01.2007 due

to superannuation, voluntary retirement, separation / discharge on account of

continued ill-health / medical grounds, death, resignation with permission, will be

eligible for the arrears, on pro-rata basis wherever due, in terms of this Office

Order on account of Revised Pay, DA, Increments, Promotion (if any), Leave

Encashment, HRA, NPA and Perks & Allowances from 26.11.2008, Provident

Fund and Gratuity. CCA paid from 26.11.2008 will be recovered from the arrears

payment.

13.3 Recoveries (e.g., notice pay, if any) to be effected from executives who left the

service on or after 01.01.2007 will be re-calculated and recovered. Similarly,

wherever amounts are due from such executives, the same will be recovered

from the arrears payable to them.

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13.4. Arrears arising out of the Revised Pay and Allowances, under this Office Order

shall not be payable to such executives who ceased to be in service of the

Company after 01.01.2007 on the following grounds:

a) Dismissal / Termination;

b) Resigned and left the service without permission or notice;

c) Resigned and left the service where a disciplinary proceeding has already

been initiated and was in progress;

d) Resigned and left the service without due notice and bond liability has not

been discharged at the time of leaving the Company.

13.5. RECOVERIES:

13.5.1 Statutory Recoveries towards Income Tax, Professional Tax, etc., will be effected

as per the relevant statutory provisions.

13.5.2 The recovery towards Contributory Medical Attendance Scheme will be

enhanced with effect from 26.11.2008 as below:

For basic pay upto Rs.15, 000/- - Rs. 100/- per month

For basic pay above Rs.15,000/- - Rs.150/- per month

14.0. BASIC PAY RELATED MATTERS:

14.1. Merely because of the revision of Scales of Pay, there will not be any upward

revision in the entitlement to various allowances / benefits related to scale / pay.

These Allowances / Benefits will continue to be paid based on the notional pre-

revised basic pay / scales of pay (1997) (i.e., qualifying basic pay applicable for

the relevant year / relevant benefit). As and when these are reviewed, the

changes, if any, will be intimated separately.

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14.2. Any other Pay and Pay Scales related consequential benefits / entitlements

should not be treated as revised or enhanced automatically.

15.0 EXECUTIVE PERFORMANCE INCENTIVE (EPI):

15.1 The PRP Scheme will be formulated in due course. From 01.01.2007 till

implementation of the PRP Scheme, the existing Executive Performance

Incentive (EPI) Scheme will continue based on the revised pay to all executives

including TC Personnel.

16.0. ANOMALIES:

16.1 Any clarification regarding anomalies arising out of implementation of revision of

scales of pay are to be referred to Corporate Office.

17.0. DEPUTATIONISTS:

17.1 All cases involving Deputationists i.e., fixation of pay in the Revised Scales

(2007), Perks and Allowances are to be referred to Corporate Office for

examination and taking up with the Government, separately.

18.0 INTERPRETATION / CLARIFICATIONS:

18.1 All issues arising out of implementation of this Office Order, which require

interpretation / clarifications may be referred to the Corporate Office for decision.

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19.0. SUPERSESSION:.

19.1 The Office Orders, issued from time to time, on the various subjects covered

under this Office Order, will stand amended / modified, superseded fully or

partially, to the extent indicated in the foregoing provisions.

CHAIRMAN & MANAGING DIRECTOR

ALL UNIT / SBU HEADSALL EDs /GMsALL ROs / MARKETING CENTERS

Company Secretary

D (F) D (HR) D(BC) D (MKTG) D (R&D) D (OU) CVO

Page 19: BEL Executive Wage Revision-2009

ANNEXURE – III to OO NO.HO/250/043 DATED 12.05.2009

ALLOWANCES / PERKS (CAFETERIA APPROACH)

SL NO

PERKS PERCENTAGE / AMOUNT

COMPULSORY PERKS

1 Medical Rs 580/- per month (towards domiciliary treatment for general ailments) will be considered as perks and adjusted .

2 Canteen Rs 1250/- per month will be paid. Actual cost will be borne by the executive including non-unionized supervisory staff.

3. Monetization of Club/ Hospital & School/ College

Recurring expenditure on maintaining and running the facilities Unit wise will be considered as perks and adjusted.

4 Interest subsidy on housing loans

Actuals as per existing rules will be considered as perks.

5 Computer loan / Vehicle Advance & Multi-purpose Advance at concessional interest rates

Difference between BEL Cash Credit rate and Concessional rate of interest will be considered as perks.

6 AC at residence FDs & CMD - - value as per IT rules ( presently 10% of original cost per annum) will be considered as perks

OPTIONAL PERKS (TO BE SELECTED AT THE BEGINNING OF THE FINANCIAL YEAR)

1 Leave Travel Assistance 12% of annual basic pay every year or 24% once in 2 years. Vouchers to be produced for tax exemption as per IT rules.

2 Professional Development Allowance / News Paper / Periodicals / Reimbursement of fees towards Professional bodies

10% of annual basic pay every year. Vouchers to be produced for tax exemption as per IT rules.

3 Conveyance ReimbursementConveyance Maintenance / Transport facility

10% of running basic pay per month for all executives including non-unionized supervisory staff. Actuals will be recovered based on mode of Company provided transport used.

For GMs & EDs – 12% of running basic pay per month.4 Reimbursement of

residential Telephones / Internet Allowance

Residential telephones at applicable ceilings up to E-V level and Internet Allowance of Rs.1500/- per annum paid to executives in grade E-III & above will be added to the existing ceilings of telephone reimbursement up to E-V grade and considered within 48% perks.

Separate Internet Allowance will be dispensed with

Page 20: BEL Executive Wage Revision-2009

5 Furnishing Allowance 10% of annual basic pay for all executives’ including TC Personnel every year.

6. Children Education Allowance

Rs. 500/- per month per child up to 10+2 limited to two children.

7 Attire Maintenance Allowance

2% of running basic pay per month.

8 Entertainment allowance Executives in Grade E-VII to E-IX - - 5%  of running basic pay per month

FDs / CMD - - 10%  of running basic pay per month.

9 Gardener / Domestic Help Allowance –

Executives in Grade EVIII & E-IX - - 5%  of running basic pay per month.

FDs/ CMD - - 10%  of running basic pay per month.

10 Reimbursement of Electricity charges

FDs & CMD - - Actuals subject to maximum of 750 units per month.

11 Other allowances Upto 10% of running basic pay per annum ( payable in March towards balance perks)

NOTE:

i) The total of compulsory and optional perks should not exceed 48% of running basic pay for the year. Other perks like Group insurance, rapport, annual gift, etc will be covered within the balance 2%.

ii) Reimbursement of fees towards Professional bodies will be discontinued as the same will be covered under Professional Development.

iii) Credit Card Allowance will be discontinued.iv) Separate Internet Allowance will be discontinued. v) Every Financial Year, the actual cost of domiciliary medical treatment, canteen & transport will

be calculated and the recovery rates will be applicable for the subsequent year.vi) For monetization, the average recurring expenditure of the previous 3 years will be calculated

and made applicable for the subsequent 3 years.

-o0o-

Grades Reimbursement towards residential

telephone (including rental) plus Internet

Charges(Bi-monthly )

Rs.

TC-IV & E-II

500/-

TC-V &E-III 600/- + 250/-

E-IV & E-V 800/- + 250/-

Page 21: BEL Executive Wage Revision-2009

ANNEXURE –II TO OO NO.HO/250/043 DATED 12.05 2009

RATES OF HRA APPLICABLE TO BEL- UNITS / OFFICES

Sl.No.

Units / Offices HRA Classification of cities/ towns on

population criteria

HRA%

1. Ghaziabad* 50 lakhs and above 30* 2. Chennai 50 lakhs and above 30

3. Delhi 50 lakhs and above 304. Mumbai 50 lakhs and above 305. Kolkata 50 lakhs and above 306. Navi Mumbai* 50 lakhs and above 30*7. Bangalore 50 lakhs and above 308. Hyderabad 50 lakhs and above 309. Pune 5- 50 lakhs 20

10. Vishakapatnam 5- 50 lakhs 2011. Agra 5- 50 lakhs 2012 Panchkula 5- 50 lakhs 2013. Machilipatnam Below 5 lakhs 1014. Kotdwara Below 5 lakhs 10

* In view of the Special Orders issued by the Government of India vide O.M. No.

3(21)/E-II.(B)/2004 dated 18.11.2004, the existing classification of cities adopted

for Ghaziabad and New Mumbai area in respect of Navi Mumbai has been

continued further for the purposes of re-classification and also for payment of

HRA at the rate of 30%.


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