Page 49 - HR Manual 2019

HR MANUAL
CHAPTER 7 BENEFITS EXTENDED TO THE EMPLOYEES
________________________________________________________________________________

7.1 Salary:

Monthly salary will be paid as per VIT norms.
Components of gross salary will be DA, HRA, etc. and will be as per the compensation and benefit
policy of management applicable for staff. An annual increment is sanctioned to all Employees as

per VIT norms.

7.2 Wages / Salary:

(a) Wages/Salary shall be payable on or before the 07th day of the succeeding month.
(b) Every month the salary processing cutoff date would be 25 and any requests after the said
th
cutoff date will be processed only in the subsequent month.
(c) Any new employee joining after 25 will receive his/her 1 pay out only in the subsequent
st
th
month.
(d) Wages/Salary shall be paid to the Bank Account of the Employee. This shall not be applicable
in case of Casual Employee.
(e) Wages/Salary may be paid on monthly rates as may be applicable to the cadre of employment.

(f) No Wages/Salary shall be paid for any period of unauthorized absence for indefinite
absenteeism period or for any period the Employee did not perform the work asked to do by the
Department Head (absenteeism includes the absenteeism without obtaining the prior

permission or without any intimation to the concerned authorities under unforeseen
circumstances).

7.3 Unclaimed Wages / Salary:
Any Wages/Salary due to an Employee but not claimed by the Employee on the usual day may be
claimed by the Employee or his legal heir at any time within THREE YEARS from the date on which

the Wages/Salary became due. On the claim being found substantiated, the Wages/Salary will be
paid on a date that will be notified to the claimant for payment of unclaimed wages to the legal heir

of the deceased Employee. Legal heir ship certificate is necessary if the amount exceeds Rs. 10,000/-.
In other cases the legal heir shall be required to submit an indemnity bond as may be prescribed by
the Institute.

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