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Benefits@Wipro - Career Level AA
Wipro Benefit Plan (WBP) provides enhanced flexibility through additional tax
benefit options and makes the existing components more tax friendly.
Employees can declare the components in The Dot. on a monthly basis. The
below mentioned table provides the synopsis of WBP components. Please refer
to WBP Policy for further details.
Telephone/Mobile Rental Exemption
Max Amount: INR 30000/- p.a.
The amount incurred by you towards phone rent related expenses is eligible for tax exemption.
Children’s Education Allowance
Max Amount: INR 100/- per child per month & INR 400/- if the child is in hostel.
Education Allowance for employee children
National Pension Scheme (NPS)
Max Amount: Employees can contribute within a range of 5% - 10% of their Basic Salary
NPS is a channel for long-term financial planning which gives employees an opportunity to make disciplinedsavings for a
secured Financial standing post retirement.
Group Allowance
Max Amount: Balancing figure
The payout will be in the form of Group Allowance in pay slip.
Performance & Behavior Linked Allowances
Shift Bonus
• Paid monthly and is governed by the adherence to the daily roster & shift timing
Client Incentives
Client sponsored incentives (as applicable) aimed at rewarding excellence in performance delivery
Education & Skills Enhancement Benefits
Education Enhancement Scheme (SEED)
• Company facilitates self-paid learning opportunities through a range of educational programmes
• Affiliation with reputed institutes
• Cost of program reimbursed by company on successful completion
Internal to•Wipro
Reward by way of percentage raise in compensation also
Work Life Benefits
Life Insurance
• Coverage for Self upto INR 8.00 Lacs. Option to Top-Up
• Policy covers death due to any cause
Personal Accident & Death Insurance
• Group Personal Accident Insurance Coverage for Self upto INR 3.00 Lacs p.a. Option to Top-Up
• Monetary compensation in the event of Death / Accident (Permanent Total & Partial disablement)
• Loss of Pay Protection on Temporary Total disablement
Mediclaim – Hospitalization
• You are eligible for a floater coverage of INR 2.00 Lac per annum for family (self, spouse & children) towards hospitalization
(minimum 24 hours). There will be a deduction from your monthly payroll which will vary based on your marital/family status,
the floater sum insured as per your job grade and any top-up plan opted by you. 10% of the claim amount has to be borne by
you. If you wish to enhance the coverage, Top up cover options are also available for a highly negotiated premium. More details
on the policy are available on My Policies Section, accessible on joining. Addition of dependents and taking voluntary top up
plans should be done with 1st 30 days of joining.
Voluntary Parental Insurance
• Opportunity of opting for Medical Insurance for Parents and Parents-in-Law at a company negotiated rate.
Provident Fund
• Where basic is higher than INR 15,000- 12% of your Basic towards Provident Fund. In cases where basic is lower than
INR 15,000- Minimum of 12% of (Basic + WBP + Additional (Where applicable) or INR 1800 pm
Gratuity
• Gratuity is payable upon completion of continuous 4 years & 190 calendar days of service in Wipro
• It would be paid:
▪ On retirement or resignation
▪ Death or disablement due to accident or disease
• Calculation methodology - (Last monthly basic drawn/26) *15* No of years of service
Voluntary Superannuation
• 15% of Basic or upto a maximum of INR 1,50,000/- Max
• Amount will be deducted from pre-tax salary and an employee gets tax benefit on that amount. Once the employeeopts in,
he/she cannot opt out of the scheme for his/her tenure in Wipro.
Note - The above is a Snapshot of the Benefits applicable at Band AA.
The above limits are as per the current employee policy and are subject to change from time to time. Please note: More details
on the above-mentioned policies are available on My Policies Section in The Dot. which is accessible on joining.
Internal to Wipro
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