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ANNEXURE

LARSEN & TOUBRO GROUP OF COMPANIES


ALLOWANCES & PERQUISITES APPLICABLE TO

COVENANTED GRADE M1-B

1. House Rent Allowance


Mumbai - ₹4,000/- per month
Delhi / Kolkata - ₹3,400/- per month
Chennai/Bangalore/Pune - ₹3,000/- per month
Other Cities / Job sites - ₹2,200/- per month

Those provided with Company – owned / Leased accommodation will be


governed by the Company’s Residential Accommodation Scheme

2. C on v eya nc e A ll ow an ce -₹5,500/- per month


( for employees not covered
under any car scheme)

In the case of employees who choose to avail the Conveyance facility


provided at Project Sites by the Company, an amount of ₹2,000/- per
month will be recovered for such a facility.

3. Special Allowance Mumbai - ₹650/- per month

The allowance will be payable to staff members during their posting


in Mumbai based offices / establishments viz, President's office /
Regional Office, Mallet Bunder and Panvel.

4. Ed uc a ti on Al lo wa nc e - ₹1150/- per month


For employees already availing Furniture Loan
the Education Allowance will be reduced to the extent
of ₹350/- p.m.

5. Leave Travel Allowance - ₹25,000/- per annum

6. Other benefits

6.1 PC Scheme

6.2 Car Scheme


} - Details available in EIP portal

7. Medical Scheme - As applicable to covenanted cadre


8. Special Medical Insurance Scheme - ₹8.00 Lakhs p.a. for staff member
+ Spouse + 2 dependents
Staff promoted from O-3 to M1-B, will be able
to claim ₹8.00 lakhs from subsequent
renewal of mediclaim policy i.e. 1st of April 2017

9. Annual Health Check - Above 35 yrs : Once in every year


- Below 35 yrs : Once in two years

10. Holiday Home Facility - At L&T Holiday Home across the country
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