Child Care Allowance

At Axelerant, we want our team members to get all assistance while working with us. So starting October 1, 2021, Axelerant provides a Child Care allowance to support parents and guardians with younger kids towards expenses incurred for a daycare center or a nanny for up to two children. We will reimburse Child Care up to INR 5,000/ USD 100 per month per child up to and including 5 years old. 

 

You may claim the Child Care allowance by providing:

  1. The child’s birth certificate 

  2. Receipts from the daycare center

  3. Proof of online payments to the nanny along with their Aadhar Card copy (applicable to India Team Members)

FAQ

Who is eligible for the Child Care Allowance at Axelerant?

All Permanent team members are eligible for Child Care allowance. We will reimburse Child Care per month per child up to and including 5 years old.

What is the maximum amount that can be claimed per child under the Child Care Allowance?

We will reimburse Child Care up to INR 5,000/ USD 100 per month per child.

How does the Child Care Allowance vary based on the number of children?

The Child Care Allowance supports up to two children per team member. For one child, you receive up to INR 5,000 per month. For two children, the allowance increases to up to INR 10,000 per month.

Is the Child Care Allowance amount the same for all team members?

Yes, for all India-based permanent team members, the limit is INR 5,000 per month per child. For other locations, it is USD 100 per month per child.

Can I claim the Child Care Allowance together for a quarter or bi-annually?

To ensure timely reimbursement of the Child Care Allowance, it is preferred that you submit receipts on a monthly basis instead of quarterly or bi-annually. If you have paid for child care in advance for the entire year, you can submit the annual receipt through Zoho Expense and note in the description that it is for the whole year. In this case, we will still process the reimbursement on a monthly basis.

How long does it take to process the Child Care Allowance application?

If you submit your expenses by the 12th of any month, reimbursement will be processed between the 16th and 17th of that month. Submissions after the 12th will be processed the following month. For example, a claim submitted on June 5th will be processed by June 16th-17th, while a claim submitted on June 16th will be processed in July.

Contact people@axelerant.com for further discussion.