Cognizant Flexible Benefit Plan

Food Reimbursement
House Rent Allowance (HRA)

Coverage: All Associates

Coverage: All Associates

Eligibility Limit: Up to a maximum of Rs. 3000 (PM)

Eligibility limit: 0 to 60% of the basic salary

Key Policy Highlights:

Key Policy Highlights:

Associates need to choose and define the HRA amount in the FBP
definition system on a monthly basis.
Associates can opt for an HRA amount in the range of 0 to 60% of
their respective basic salary.
On selection, Associates will be paid the defined HRA amount as part
of their monthly salary.
In order to claim Tax exemption, Associates need to submit the Rent
receipt/Bank statement and a copy of the Lease Agreement to the
Finance team.
Associates availing Hostel accommodation need to submit the rent
receipts in the hostels letter head or pre-printed receipt book.
Expenses incurred on maintenance charges, electricity bill, food (in
case of paying guest accommodation) are not eligible for any Tax
exemption.
Tax exemption on HRA, if applicable, will be as per the prevailing
Income Tax rules.

Coverage: All Associates

Eligibility Limits: Grade-wise eligibility is as described below
Up to
Associate

Sr. Associate &

Asst. Manager

Manager &
Above

20000

40000

60000

Annual Eligibility
(Rs.)

(*) Meal card: Meal card is a smart & secure way of providing meal
vouchers. It is a preloaded card that can be used at the office cafeterias
as well as at most of the food and beverage outlets across the country.
To procure their meal cards, Associates need to register at
http://www.hdfcbank.com/corporatedesktop/Cognizant/index.html.
Once registered, the meal card will be delivered to the associate within
next 10 calendar days.
To get the meal cards charged / preloaded, Associates need to enter
their card details at https://mypay/bankdetails.
At the end of each month, the cards will be charged / preloaded with the
amount of Food Reimbursement defined by the associates. Once
charged, the card is ready for use.

Leave Travel Allowance (LTA)

Level

Associates can avail the benefit of Food Reimbursement through

meal cards (*)
Associates need to choose and define the Food Reimbursement
amount in the FBP definition system on a monthly basis.
Associates can redefine the amount of Food Reimbursement on a
monthly basis, subject to the prescribed limits.
Food Reimbursement is proportional to the number of days an
associate spends on India payroll in a month.

Key Policy Highlights:

Associates need to choose and define the LTA amount in the FBP
definition system on a monthly basis.
Associates can redefine the LTA amount on a monthly basis, but the
changes would be effective for the month of redefinition & onwards
only.
Associates need to avail a minimum 5 days of vacation leave in order
to claim LTA.
Only travel expenses for associates and their dependants (+) are
reimbursable.
In order to claim the reimbursement of dependants travel expenses,
the Associate must have accompanied them during the travel.
Only expenses incurred on travel within India may be claimed for
reimbursement.
Expenses incurred on accommodation, recreation, sightseeing etc.
cannot be claimed as part of LTA.
Tax exemption on LTA, if applicable, will be as per the prevailing
Income Tax rules.
(+) Dependants include non earning spouse, children (a max. of 2
children up to the age of 18 years), and non-earning parents staying with
the Associate.

As per the prevailing RBI regulations, the maximum maintainable mount

in a meal Card at any point of time is Rs. 20000.
Please note that meal card usage is subject to Governmental
regulations.

Medical Reimbursement
Coverage: All Associates
Eligibility Limit: Up to a maximum of Rs.15000 (PA)
Key Policy Highlights:
Associates need to choose and define the Medical Reimbursement
amount in the FBP definition system on a monthly basis.
On selection, Associates accumulate medical reimbursement upto a
max. of Rs. 1250 (PM).
Associates cannot claim Medical Reimbursement for amount more
than their respective accumulation at any point of time.
Doctors prescriptions are required to claim reimbursement for bills
exceeding Rs. 500.
Claims for expenses incurred on spectacles / lens is restricted to a
max. of Rs. 1,500 (PA).
Bills for dental treatment need to be supported with doctors
prescription.
Expenses incurred on cosmetics and provisions must not be
submitted for Medical Reimbursement claim.

Cognizant Flexible Benefit Plan

Reimbursement of Mobile phone expenses

Reimbursement of Car running

Coverage: Asst. Manager & below.

Coverage: Sr. Associate & above

Eligibility Limit: Grade-wise eligibility is as described below

Eligibility Limit: Eligibility (in Rs. Per month) based on the car engine
capacity as described below.

Level
Monthly Eligibility (Rs.)

Up to Associate

Sr. Associate &

Asst. Manager

500

1000

Key Policy Highlights:

Associates need to choose and define the amount of Mobile

reimbursement in the FBP definition system on a monthly basis.
Associates will be reimbursed to the extent of their respective
monthly eligibility only.
Associates will be reimbursed for a single Post Paid connection
registered in their names only.
On selection, Associates need to pay their mobile phone bills through
the prescribed banker / vendor.
Associates are reimbursed on the basis of the bill payment
information shared by the banker / vendor with Cognizant.
If the bill amount in a month is less than the amount defined in the
FBP definition system, the balance is carried forward to the next
month for reimbursement.

Superannuation Fund Contribution

Coverage: All Associates
Eligibility Limit: A minimum contribution of Rs. 500 (PM) to a maximum
ceiling of 15% of basic salary or Rs. 100,000 (PA), whichever is lesser.
Key Policy Highlights:
Superannuation Fund is an optional post-retirement benefit extended
to all Associates of Cognizant.
Associates need to choose and define the contribution amount
towards Superannuation Fund in the FBP definition system on a
monthly basis.
If opted, Cognizant would contribute to the Superannuation Fund on
a monthly basis.
Associates opting for Superannuation Fund Contribution can change
the amount of contribution on a monthly basis.
Once opted, an Associate will have to continue contributing to the
fund throughout his / her employment tenure with Cognizant.
Associates are not eligible to withdraw any amount from the
Superannuation Fund during their employment tenure in Cognizant.
New Joiners can opt for this benefit through their first FBP definition
and enroll in the first month of their joining. Failure to define this as a
part of the first FBP definition would make the associate ineligible for
enrolling this benefit thereafter.

Engine Capacity

Only Fuel &

Maintenance

Fuel, Maintenance &

Driver Salary

< = 1.6 litres

1800

2700

> 1.6 litres

2400

3300

Key Policy Highlights:

It is aimed to help associates to get the car expenses incurred by

them for official purposes reimbursed.
Associates need to choose & define the amount in the FBP
definition system on a monthly basis.
Car expenses include the expenses incurred on fuel,
maintenance, and drivers salary.
In order to avail the benefit, Associates need to use cars
registered in their names at their respective current locations only.
Associates not opting for this benefit may opt for Conveyance
Allowance. Associates will be paid Rs. 800 monthly, without
submission of any bills, if they opt for Conveyance Allowance.