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CorpHRO/REVN/15/00025388/1
January 09, 2015
Your Role & Designation and Compensation structure for the year 2014-15 are as follows.
Benefit Plan P
Role COUNSELOR
Designation OFFICER - SALES
B. Annual Benefits
PF (as per Act) : 3,584
Bonus (as per Act) : 12,400
ESI (as per act) : 5,680
Annual Benefits Total : 21,664
Sincerely,
For NIIT Yuva Jyoti Ltd.
Authorized signatory
1. Flexibasket :The flexibasket consists of Medical/LTA (Upto Rs. 2,500/- pm. HRA/CLA (Up to 50% of Basic Salary); Internet usage
at residence (Up to Rs. 1500/- pm); Mobile phone usage charges (upto Rs.3,000/- pm). Towards self-owned car usage, vehicle
expenses reimbursement up to a maximum of Rs. 1,800/- pm (for vehicles upto 1600 cc), Rs. 2,400/-pm (for vehicles above
1600cc) can be claimed. The limits towards the above components (except HRA/CLA, for which you need to contact HRO) needs to
be defined using the Personalized Compensation Structure (PCS) on iNIITian based on the estimated usage. For eligible cases, on
availment of the Leased Vehicle, the Monthly Lease Rentals will be reduced from the Flexi basket. The reimbursement limits
already defined under the Flexibasket can be modified at any time depending on your need and estimated usage using the online
PCS.
2. Corporate National Pension Scheme (NPS) : NPS is a voluntary retirement savings scheme introduced by the Government of India.
NIITians after enrollment into the scheme, can contribute an amount upto 10% of the Basic Salary earned effective date of joining
or April 1, 2014, whichever is later. The amount of contribution is exempt from Income Tax under Section 80CCD(2) of the Income
Tax Act, 1968.
3. Sales Incentive will be paid on the Sales Incentive policy applicable for the year 2014-15 which is available on iNIITian-
>Knowledge Bank->Benefits and Policies.
4. Benefits & Policies : Modifications or revisions, if any to the existing Benefits & Policies applicable to you, shall be made available
and communicated through the “Benefits & Policies” link available on iNIITian.