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3.2-Relocation Entitlement 108

The policy outlines relocation entitlements for employees who are rejoining or transferring, including second class train fare or actual transport expenses up to Rs. 10,000 for household goods shipment, Rs. 500 per day for up to 10 days of hotel accommodation, and transportation of one registered vehicle; the CEO or CFO must approve any claims, which accounts will reimburse to the employee within 10 days, recovering any payment if the employee leaves within a year.

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65 views

3.2-Relocation Entitlement 108

The policy outlines relocation entitlements for employees who are rejoining or transferring, including second class train fare or actual transport expenses up to Rs. 10,000 for household goods shipment, Rs. 500 per day for up to 10 days of hotel accommodation, and transportation of one registered vehicle; the CEO or CFO must approve any claims, which accounts will reimburse to the employee within 10 days, recovering any payment if the employee leaves within a year.

Uploaded by

VVNAGESWAR
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Relocation Entitlement

The policy is for employees who are relocating themselves at the time of joining or on transfer.
The entitlements are as follows:

Travel entitlements
Employee + spouse &
children limited to
two, second A/c.
Train fare subject to
production of used
ticket. In case the
employee uses other
means of transport,
reimbursement will be
limited
to
actual
expenses or second
A/c. train fares which
ever is lower.

Accommodation
Company contributes
towards
Hotel
accommodation upto
10 days @ Rs. 500
(Maximum) per day,
subject to production
of bills & subject to
prior written approval
from the designated
authority.

Transportation of
household goods

Approval

Limited to actuals or
Rs.10,000/- which ever is
lower. This Covers:

Freight /
Transportation
charges for house
hold and vehicle
transport, including
insurance and Repacking

Packing charges

Loading and
unloading charges

Transfer of
registration of vehicle
(maximum one)

CEO/CFO

HR will forward the claim, approved by CEO/CFO to accounts department.

Accounts department will release a cheque in favor of the employee within 10 days.

In case employee leaves within a year of joining the above payment will be recovered in
full.

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