What is cafeteria allowance in psu?
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What is cafeteria allowance in psu?
1. „Cafeteria approach‟ shall be adopted for other perquisites and allowances allowing. employees to choose from a given set of cafeteria of perquisites and allowances subject to the condition that the sum total of these perquisites and allowances shall not exceed 35\% of the revised basis pay. 2.
What is cafeteria allowance in FCI?
It has been decided to introduce ‘Cafeteria approach’ for payment of. perks and allowances admissible to different categories of employees subject to a ceiling of 35\% of revised Basic Pay in lieu of existing allowances and fringe benefits. Page 4 of 12. Page 5.
What are the perks of PSUs?
PSU Jobs Perks and Benefits
| PSU Job Perks and Benefits | |
|---|---|
| Allowance | Dearness allowance House rent allowance (HRA) Leave travel allowance (LTA), city compensation allowance children’s education allowance. |
| Life and health insurance | Candidates will be given life and health insurance allowances once they are selected for the post |
What is LFA in payslip?
L.F.A. IS : LEAVE FARE ASSISTANCE FOR GOING TO YOUR HOME TOWN OR OTHER PLACES.
Which allowance is fully exempted from tax?
| S. No. | Section | Limit of exemption |
|---|---|---|
| 4. | – | Fully Exempt |
| 5. | 10(45) | Fully Exempt |
| 6. | – | Fully Exempt Individual – Government employee |
| 7. | 16 (ii) | Least of the following is exempt from tax: a) Rs 5,000 b) 1/5th of salary (excluding any allowance, benefits or other perquisite) c) Actual entertainment allowance received |
What is cafeteria allowance in ONGC?
Apart from the basic pay, candidates will also get allowance @ 35\% under Cafeteria Approach, House Rent Allowance (HRA), dearness allowance, Mining Allowance, Contributory Provident Fund, Conveyance Maintenance, Performance Related Pay, Gratuity, Medical facilities for self and dependents, post retirement benefit …
Do FCI employees get bonus?
It has been decided with the approval of Competent Authority to grant ad-hoc bonus equivalent to 30 days emoluments for the year 2019-20 to the FCI Departmental Canteen/Tiffin Room Employees on the terms and conditions contained in the Ministry of Finance, Department of Expenditure (E. 2020.
Do FCI employees get pension?
On Superannuation/Separation, the members of the Scheme are entitled to get a Pension in the form of Annuity against the corpus accumulated in their account. The Employees have the option to choose the Annuity Provider among those listed by NPS (National Pension Scheme) of GOI.
What gate rank is required for PSU?
NTPC Recruitment through GATE
| ET-2017 (Engg.) | Category wise GATE-2017 cut-off marks and rank | |
|---|---|---|
| Cut Off Marks | 72.35 | 71.01 |
| All India Rank | 88 | 102 |
| Civil | ||
| Cut Off Marks | 82.43 | 75.85 |
What is special allowance salary?
Special allowance is a fixed amount that is given to employees over and above the basic salary in order to meet certain requirements. There is a taxable allowance and an exempt allowance.