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  • Compensation Break - Up: Gross Remuneration

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    maakabhawan26
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    Pankaj Aggarwal is a Senior Manager-Project Sales for EIHC in Amritsar, India. His compensation package for 2011-2012 includes a basic salary of Rs. 175,000 per year, house rent allowance of Rs. 87,500 per year, and other allowances totaling Rs. 236,087 per year. His gross annual remuneration is Rs. 491,587 and includes an additional Rs. 8,413 for gratuity, bringing his total annual compensation to Rs. 500,000. The document notes that employee bills must be submitted for certain allowances and that the company may adjust the compensation structure for any new taxes.

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    Pankaj Aggarwal Amritsar

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    Pankaj Aggarwal is a Senior Manager-Project Sales for EIHC in Amritsar, India. His compensation package for 2011-2012 includes a basic salary of Rs. 175,000 per year, house rent allowance of Rs. 87,500 per year, and other allowances totaling Rs. 236,087 per year. His gross annual remuneration is Rs. 491,587 and includes an additional Rs. 8,413 for gratuity, bringing his total annual compensation to Rs. 500,000. The document notes that employee bills must be submitted for certain allowances and that the company may adjust the compensation structure for any new taxes.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    6 views1 page

    Compensation Break - Up: Gross Remuneration

    Uploaded by

    maakabhawan26
    Pankaj Aggarwal is a Senior Manager-Project Sales for EIHC in Amritsar, India. His compensation package for 2011-2012 includes a basic salary of Rs. 175,000 per year, house rent allowance of Rs. 87,500 per year, and other allowances totaling Rs. 236,087 per year. His gross annual remuneration is Rs. 491,587 and includes an additional Rs. 8,413 for gratuity, bringing his total annual compensation to Rs. 500,000. The document notes that employee bills must be submitted for certain allowances and that the company may adjust the compensation structure for any new taxes.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    COMPENSATION BREAK - UP

    Name
    Pankaj Aggarwal
    Designation
    Senior Manager-Project Sales
    Reporting To
    Punitpal Singh
    Location
    Amritsar
    Date of Offer
    31 Oct,2011
    EIHC Compensation Structure 2011-2012
    Component

    Per Month (Rs)

    Per Annum (Rs)

    Basic

    14583

    175,000

    House Rent allowance

    7292

    87,500

    Conveyance

    800

    9600

    Business Utilities

    1000

    12,000
    15,000

    Medical Allowance

    1250

    Leave travel allowance (One time)

    *******

    14,583

    Special allowance

    13075

    156,904

    Provident Fund

    1750

    21,000

    Gross Remuneration

    36250

    491,587

    Gratuity

    ******

    Total

    8,413

    500,000

    Employee has to submit the actual Bills related to the Medical, LTA and Business Utilities at the end for financial year
    for the calculation of final TDS
    The finance Bill 2011 has introduced Fringe Benefit Tax to be paid by the employer in respect
    of certain perquisites. The Company reserves the right to make appropriate changes in this
    compensation structure to give effect to the impact of such tax on t
    Strictly Confidential

    HR EIHC

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