Page 1 - Benefits Extended

HR Manual 2019_ Ver-005 Chapter – 7 BENEFITS EXTENDED TO THE EMPLOYEES

7.1 Salary :

Monthly salary will be paid as per VIT norms.

Suitable Dearness Allowance (DA) and House Rent Allowance (HRA) are paid to the Employees

who are on time scale of pay. The DA is revised whenever announced by the management. 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
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cutoff date will be processed only in the subsequent month.
(c) Any new joinee joining after 25 will receive his/her 1 pay out only in the subsequent month.
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(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 University.

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