Annual Levy paid for previous financial year (0.5%) Maximum grant refund for current financial year
(1) Levy contribution of Rs 15,000
Rs 150,000
(2) Levy contribution of Rs 50,000
First Rs20,000 X 10 = Rs 200,000
Balance Rs 30,000 X 5 = Rs 150,000
Total = Rs 350,000
Grant Ceiling limited to Rs 300,000
Rs 300,000
(3) Levy contribution of Rs 500,000
First Rs 100,000 = Rs 300,000
Balance Rs 400,000 X 1.5 = Rs 600,000
Total = Rs 900,000
Rs 900,000
(4) Levy contribution of Rs 1,500,000
First Rs 100,000 = Rs 300,000
Balance Rs 1,400,000 X 1.5 = Rs 2,100,000
Total = Rs 2,400,000
Rs 2,400,000
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Rate of Refund and Grant Refund Formulae
Rate of Refund
For courses starting up to 08th August 2018, the rate of refund will be based on employer's tax rate as described below: in-house and institutional-based training courses, the HRDC training grant refund will depend on the employer’s tax rate as follows:
- EMPLOYER’S TAX RATE % HRDC RATE OF REFUND 15% 60% 0% 75%
Grant Refund formula per financial year
Annual Levy paid for previous financial year (0.5%) Maximum grant refund for current financial year
(i) Up to Rs 20,000 10 times levy paid
(ii) Above Rs 20,000 and up to Rs100,000 5 times levy paid subject to a maximum limit of Rs300,000 (however for the first Rs 20,000 the grant paid will be as per above)
(iii) Above Rs100,000 1.5 times levy paid (however for the first Rs 100,000 the grant paid will be as per above)