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CASH HANDLING ALLOWANCE
1.0 Cash Handling Allowance is payable to the
employees in the workmen & Supervisory category who
are on the regular rolls of the Company, discharging the
duties of Cashier at the rates indicated below:
|
Amount of average monthly cash handled (Rs.) |
Rate of Allowance (Rs. Per month) |
|
Upto 75000 |
50 |
|
75001 to 200000 |
75 |
|
200001 to 500000 |
100 |
|
500001 & Above |
125 |
I. The rate of Cash Handling Allowance to be
granted to the employee concerned shall depend upon the
average amount of monthly cash disbursed but excluding
payments made by cheques. The amount of monthly cash
disbursed shall be certified by the Head of Finance
& Accounts Department of Corporate Centre/Project,
on the basis of the previous Financial years average.
II. The rate of Cash Handling Allowance
sanctioned, as above, to the employees concerned shall
be reviewed at the commencement of each Financial year,
keeping in view the amount of average monthly cash
disbursed in the previous Financial Year.
2. The Cash Handling Allowance shall be
admissible only till such time the employees concerned
continue to discharge the duties of Cashier; and will
cease to be payable on their promotion/appointment to
the appropriate prescribed pay scale for Cashier.
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