PAY AND PERKS

1. Basic Pay E3 Grade ` 24,900/- to ` 50500/- pm &

E4 Grade ` 29100/ - to ` 54500/-pm

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).

3. Perks & Allowances - Up to a maximum of 50% of Basic Cafeteria approach for

choosing the perks and Allowances 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 Allowances

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 Pay) maximum 40% of BP for grade E1 varies with

place of posting and on fulfillment of Govt. Guidelines

Pariculars E3 E4

Basic 24900 29100

DA (85.5%) 21289.5 24880.5

HRA(30%) 7470 8730

Perks(50%) 12450 14550

NPA (17.5%) 4357.5 5092.5

CFA(7%) 1743 2037

R.Benefit (30%) 13856.85 16194.15

NEC All (12.5%) 3112.5 3637.5

Total per month 89179.35 104221.7

Total per year 1070152.2 1250660

PRP 119520 139680

CTC per year 1189672.2 1390340

List of Perks & Allowances

Allowance Description Amount pm

Do

me

stic &

Re

sid

en

tial

House Furnishing Reimbursement of expenditure incurred on purchase, repair or replacement of furniture and other durables on voucher

@ 7% of Basic Pay

House up-keep Reimbursement of expenditure - maintenance of residential houses

@ 5 % of BP

Domestic Assistance

Engaging servants for domestic assistance reimbursement on self declaration

@ 5 % of BP

Fuel / LPG Reimbursement of fuel/LPG purchase on bill @ 2% of BP

Electricity Reimbursement of electricity charges for self-consumption on bill

@ 3% of BP

Tra

nspo

rta

tion

Conveyance Officers having vehicle registered in their names 4 wheelers (@5% BP pm), 2 wheelers (@2% BP pm)

@ 5% of BP @ 2% of BP

Vehicle Maintenance

Repair and maintenance of vehicle registered in officers name - 4 wheelers (@5% BP pm), 2 wheelers (@2% BP pm) reimbursement against vouchers

@ 5% of BP @ 2% of BP

Vehicle Fuel Reimbursement of cost of fuel consumed against cash receipts or vouchers - 4 wheelers (@7% BP pm), 2 wheelers (@3% BP pm)

@ 7% of BP @ 3% of BP

Driver Driver for self & family on self declaration @ 5% of BP

Transport Assistance

Officers not availing any of the above transportation allowances and not availing companys car

@ 5% of BP

List of Perks & Allowances (Contd.)

Allowance Description Amount

Ed

uca

tion

al A

llow

ance

s

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 (5%)

@ 7% of BP @ 3% of BP @ 5% of BP

Hostel Allowance Children studying out-station and residing in hostel maximum 2 children per child per month basis

@ 5 % of BP per child pm

Professional Development

Reimbursement of expenses on purchase professional books, encyclopedia, Manuals, Journals, Audio/Visual aid for enrichment of professional knowledge

@ 2 % of BP

Knowledge update

Reimbursement of expenses on newspapers /magazines/ knowledge books

@ 2% of BP

Internet Allowance

Reimbursement of amount against bills / vouchers from internet outlet

@ 2% of BP

Pe

rso

na

l A

llow

ance

s

Entertainment Reimbursement of expenses on entertainment of guests against vouchers

@ 5% of BP

Canteen / Tiffin / Working lunch

Reimbursement of expenses on working lunch against vouchers where company has not provided subsidized canteen facility

@ 3% of BP

Kit / Dress Reimbursement of expenses on purchase of dress, shoes etc. against voucher

@ 5% of BP

Laundry / Washing

Washing & maintenance of personal clothing reimbursement against voucher

@ 3% of BP

Mobile / Telephone

Reimbursement of expenditure on personal telephone, mobile, fax etc. on production of voucher or cash receipt

@ 5% of BP

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 be @

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 Payment 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. 10000 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

Special Allowances

Allowance Eligibility Amount pm

a North East Allowance Executives posted in Assam Coalfields or any of the NE States

@ 12.5% of their basic pay

b Underground Allowance

Executives required to work in underground mine subject to condition that they carry out qualifying visit to mine

@ 15% of Basic pay, @ 5% Basic Pay in Area Lev

c Non-practicing Allowance

Medical Executives @ 17.5% of Basic Pay

d Coalfields Allowance Executives posted in Coalfields area @ 6% of Basic Pay

e New Project Allowance

Officers posted in new projects or projects under construction

@ 5% of Basic Pay

f CHP/OCP/Washery/Coke oven/ Exploration Camp All

Executives posted in CHP/OCP/Washery/ Coke-oven/ Exploration camps

@ 5% of Basic Pay

g Charge Allowance Officers required to get Safety clearance and stock clearance

Others having statutory requirement

@ 4% of Basic Pay @ 2% of Basic Pay

h Rescue Station Allowance

For trained rescue person posted at rescue station

@ 1.5% of Basic Pay

i Refresher / Pit practice

For officers engaged in rescue or recovery operation

@ 1% of Basic Pay

j Annual Rescue Bonus For completing 8 refresher / pit practices in a yr @ 1% of Basic Pay

k Proto & Stand-by Allowance

Trained rescue personnel engaged in actual rescue / recovery For Captains (1%), For Others (0.5%), Stand-by Allowance (0.5%)

@ 1% / 0.5% of Basic Pay