House Rent Allowance (HRA)

(*) Meal card: Meal card is a smart & secure way of providing meal vouchers.
Coverage: All Associates It is a preloaded card that can be used at the office cafeterias as

Eligibility limit: 0 to 60% of the basic salary

Key Policy Highlights:

Associates need to choose & define the HRA amount in the FBP
system on a monthly basis.
Associates can opt for an HRA amount in the range of 0 to 60% of
their respective basic salary.
On selection, Associates are paid the defined HRA amount as part of
their monthly salary.
In order to claim Tax exemption, Associates need to submit the rent
receipt/Bank statement and the copy of the Lease Agreement to
Finance.
Associates availing Hostel accommodation need to submit the rent
receipts in the hostel’s letter head or pre-printed receipt book.
Expenses incurred on maintenance charges, electricity bill, food (in
case of paying guest accommodation) are not eligible for any Tax
exemption.
Tax exemption on HRA, if applicable, is as per the prevailing Income
Tax rules.

Leave Travel Allowance (LTA)

Coverage: All Associates

Eligibility Limits:

Level Up to Sr. Associate & Manager &

Associate Asst Manager Above
Annual Eligibility 20000 40000 60000

Key Policy Highlights:

0» Associates need to choose & define the LTA amount in the

FBP definition system on a monthly basis.
0» Associates can redefine the LTA amount on a monthly basis,
but the changes would be effective for the month of
redefinition & onwards only.
0» Associates need to avail a minimum 5 days of vacation leave
in order to claim LTA.
0» Travel expenses for associates & their dependants (+) can
only be claimed for reimbursement.
0» In order to claim the reimbursement of dependant’s travel
expenses, the Associates must accompany them during the travel.
0» Expenses incurred on travel within India can only be claimed
for reimbursement.
0» Expenses incurred on accommodation, recreation, site seeing
etc. can’t be claimed as part of LTA.
0» Tax exemption on LTA, if applicable, is as per the prevailing
Income Tax rules.

(+) Dependants include non earning spouse, max. 2 children (upto the
age of 18 years), non earning parents staying with the Associate.

Food Reimbursement

Coverage: All Associates

Eligibility Limit: Up to a maximum of Rs. 3000 (PM)

Key Policy Highlights:

0» Associates can avail the benefit of Food Reimbursement

through meal cards (*)
0» Associates need to choose & define the Food Reimbursement
amount in the FBP definition system on a monthly basis.
0» Associates can redefine the amount of Food Reimbursement
on a monthly basis, subject to the prescribed limits.
0» Food Reimbursement is proportional based on the number of
days an associate spends on India payroll in a month.
well as at most of the food and beverage outlets across the country. 0» Superannuation Fund is an optional post-retirement benefit
extended to all Associates of Cognizant.
To avail the meal cards, Associates need to get themselves registered at
http://www. hdfcbank.com/corporatedesktop/Cognizant/index.html . Once
registered, the Meal card will be delivered to the associate within next 10
calendar days.

To get the meal cards charged/preloaded, Associates need to enter

the card details at https://mypay/bankdetails.

At the end of each month, the cards are charged/preloaded with the
amount of Food Reimbursement as already defined by the associates
& once charged, the card is ready for use.

As per the prevailing RBI regulations, the maximum maintainable

amount in a Meal Card at any point of time is Rs. 20000.

Medical Reimbursement

Coverage: All Associates

Eligibility Limit: Up to a maximum of Rs.15000 (PA)

Key Policy Highlights:

» Associates need to choose & define the Medical Reimbursement

amount in the
upto FBPof
a max. system on a
Rs. 1250 monthly basis.
(PM).
0» Associates can’t claim Medical Reimbursement for amount
more than their respective accumulation at any point of time.
0» Doctor’s prescriptions are required for claiming
reimbursement of bill exceeding Rs. 500.
0» Claims for expenses incurred on spectacles / lens need to be
restricted within Rs. 1,500 (PA) only.
0» Bills for dental treatment need to be supported by the
doctor’s prescriptions.
0» Expenses incurred on cosmetics & provisions should not be
submitted for Medical Reimbursement claim.

Reimbursement of Mobile phone expenses

Coverage: Assistant Manager & below.

Eligibility Limit: Grade-wise eligibility as described below –

Sr. Associate &

Level Up to Associate Asst Manager
Monthly Eligibility 500 1000

Key Policy Highlights:

» Associates need to choose & define the amount of Mobile

reimbursement in the FBP definition system on a monthly basis.
Associates are reimbursed to an extent of their respective
monthly eligibility only.
Associates are reimbursed for a single Post Paid connection
registered in their names only.
On selection, Associates need to pay their mobile phone bills
through the prescribed banker / vendor.
Associates are reimbursed on the basis of the bill payment
information shared by the banker / vendor with Cognizant.
If the bill amount in a month is less than the amount defined in the
FBP system, the balance is carried forward to the next month for
reimbursement.

Superannuation Fund Contribution

Coverage: All Associates

Eligibility Limit: A minimum contribution of Rs. 500 (PM) to a maximum

ceiling of 15% of basic salary or Rs. 100,000 (PA), whichever is lesser.

Key Policy Highlights:

 0» Associates need to choose & define the contribution
amount towards Superannuation Fund in the FBP
definition system on a monthly basis.
0» If opted, Cognizant would contribute to the
Superannuation Fund on a monthly basis.
0» Associates opting for Superannuation Fund Contribution
can change the amount of contribution on a monthly basis.
0» Once opted, an Associate will have to continue
contributing to the fund throughout his/her employment
tenure with Cognizant.
0» Associates are not eligible to withdraw any amount from the
Superannuation Fund during their employment tenure in
Cognizant.

Reimbursement of Car running expenses

Coverage: Sr. Associate & above

Eligibility Limit: Up to a maximum of Rs. 10000 per month with the

item-wise eligibility limits as described below.

Particulars Max. Limit (PM) (Rs.)

Fuel 7000
Car Maintenance 5000
Driver©s Salary 5000

Key Policy Highlights:

It is aimed to help associates to get the car expenses incurred

by them for official purposes reimbursed.
» Associates need to choose & define the amount in the FBP
definition system on a monthly basis.
Car expenses include the expenses incurred on fuel,
maintenance, and driver’s salary.
In order to avail the benefit, Associates need to use cars
registered in their names at their respective current locations only.
Associates not opting for this benefit can opt for Conveyance
Allowance @ Rs. 800 paid monthly without submission of any bills.