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

24900

29100

DA (85.5%)

21289.5

24880.5

HRA(30%)

7470

8730

Perks(50%)

12450

14550

NPA (17.5%)

4357.5

5092.5

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

119520

139680

1189672.2

1390340

Basic

CFA(7%)

PRP
CTC per year

Transportation

Domestic & Residential

List of Perks & Allowances

Allowance

Description

Amount pm

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 selfconsumption on bill

@ 3% of BP

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

Personal Allowances

Educational Allowances

List of Perks & Allowances (Contd.)

Allowance

Description

Amount

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

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

North East Allowance

Executives posted in Assam Coalfields or any of

the NE States

@ 12.5% of their
basic pay

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

Non-practicing
Allowance

Medical Executives

@ 17.5% of Basic
Pay

Coalfields Allowance

Executives posted in Coalfields area

@ 6% of Basic Pay

New Project
Allowance

Officers posted in new projects or projects under

construction

@ 5% of Basic Pay

CHP/OCP/Washery/C
oke oven/
Exploration Camp All

Executives posted in CHP/OCP/Washery/ Cokeoven/ Exploration camps

@ 5% of Basic Pay

Charge Allowance

Officers required to get Safety clearance and

stock clearance

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

Others having statutory requirement

h

Rescue Station
Allowance

For trained rescue person posted at rescue

station

@ 1.5% of Basic
Pay

Refresher / Pit
practice

For officers engaged in rescue or recovery

operation

@ 1% of Basic Pay

Annual Rescue Bonus

For completing 8 refresher / pit practices in a yr

@ 1% of Basic Pay

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