Professional Documents
Culture Documents
Objective
To develop an environment of institutional membership
To boost organization belongingness
To extend best wishes to the employee
Gift Idea
It has been provided that the income of the minor will be included in
the income of that parent whose total income is higher.
Tax Treatment
If the marriage of the parents does not subsist, the income of the
minor will be includible in the income of that parent who
maintains the minor child in the previous year.
If the parents of the minor child are separated, then the minor
childs income will be included with the one who is maintaining
the child.
If both the Parents of the minor child are not alive and such
minor is maintained by a guardian, then guardian of the minor
child should file a return of income on behalf of the minor
General Guidelines
The policy will be applicable on the occasion birth or adoption of
a child
This benefit is extended to employee on the birth/adoption of first
two legal children
Employee need to inform the HR Team about the birth/ adoption
of his/ her child within 7 days from date of birth/ adoption
Employee need to submit birth certificate of the child to HR
department within one moth of child birth/adoption
Employee will receive the gift within one month of child
birth/adoption
General Guidelines
Maintenance of FD (Fixed Deposit) document(s) is sole
responsibility of employee & organization shall not be responsible
for any damage or loss of FD document
This policy will be applicable on all confirmed employee
Thank You