BITS Pilani

 

    • Page last updated on Saturday, January 05, 2013

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    Benefits

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    Benefits

    • 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

      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.

    • 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. 

    • 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 EOL  is limited to 20% of time spent at BITS.

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      An institution deemed to be a University estd. vide Sec.3 of the UGC Act,1956 under notification # F.12-23/63.U-2 of Jun 18,1964

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