Compensation and Benefits
1. Payment of wages and salary disbursement Human resources department will facilitate the opening of your bank account in which your monthly salary will be deposited directly. For part-of-a-month employment, calculation will be pro-rated on the number of days worked in that particular calendar month. You will receive a pay slip indicating details of your salary and deductions. In order to avail income tax exemptions and to enable timely tax deducted at source (TDS), you are required to submit the declaration of savings planned by you during current financial year by the 10 th of April of the next year. 2. House Rent Allowance (HRA) You are entitled to HRA and the same will be tax exempted on the submission of rent agreement together with the rent receipts. All rent receipts along with the agreement should be submitted to finance by 15 th February for the ongoing fiscal year. 3. Employee State Insurance Corporation (ESIC) All colleagues covered under the ESIC scheme have to contribute 0.75% or such other percentage of gross salary as may be stipulated by the ESIC every month, being employee’s contribution towards ESI coverage. This amount will be deducted from their monthly salary. The employer / hotel is also going to contribute 3.25% of your monthly gross salary towards your account with the ESIC every month.
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