Introduction

BITS contributes 12% of an employee's total compensation (viz. pay-in-pay-band, AGP, DA and any other allowance) to the employee's "contributory provident fund".

• Contributory provident fund

  BITS contributes 12% of an employee's total compensation (viz. pay-in-pay-band, AGP, DA and any other allowance) to the employee's "contributory provident fund". The employee also contributes @ 12% of his/her compensation. The total (employee's contribution, effective BITS' contribution, and interest thereon) is payable to the employee at the time of his/her separation from BITS. (This is governed as per the Government's Employees' Provident Fund and Miscellaneous Provisions Act, 1952.)

• Gratuity

  The benefit of Gratuity is provided as per "Provisions of the Payment of Gratuity Act, 1972". The gratuity amount is calculated as follows:

  (15/26) * (no.of years of continuous service to BITS) * (last pay drawn), subject to a maximum of Rs.10 lakhs.

• Medical coverage

  While limited number of medical practitioners and facilities, as also a pharmacy, are available on every BITS' campus, certain expenses incurred by employees for medical treatment of themselves and their families are reimbursed to the extent of 90%.

• Children's education allowance

  Tuition fees paid for studies up to class 12 by a faculty member, spouse, or his/her child is reimbursable, but this is subject to certain limits. Tuition fees to be paid by a faculty member, spouse, or his/her child for studies in any regular programme in BITS is completely waived.

• On Campus Housing

  Subject to availability, residential accommodation is provided on payment of prescribed nominal license fee

• Leave Travel Concession

  This concession is admissible to faculty members and their families, once in a cycle of two years for visit to their home town. The institute meets 100% of the actual fare both for the onward and return journeys as per eligibility of travel.

• Vacation Leave

  A faculty member is entitled to 60 days vacation per academic year.

• Other Leave

  Casual Leave, Special Casual Leave, Half Pay Leave, Commuted Leave etc. are also available to faculty members.

• Sabbatical Leave

  A faculty member is eligible for one-year Sabbatical Leave with full pay after the completion of six years of continuous service at Assistant Professor Level or higher, with the Institute, and once every six years of continuous employment thereafter. (The details are given elsewhere.)

• Extraordinary Leave (EOL) without Pay

  A faculty may avail "extraordinary leave" (EOL) without pay for up to 2 years at a time after three year service at BITS. The total of such EOL (together with sabbatical leave) is limited to 20% of time spent at BITS.