Annexure

Employee name - Vikas Sharma

Designation - Academic Consultant
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Date of Joining - 15 April 2021

Compensation structure

Category Component Monthly Yearly

Basic 16,667 200,000

HRA 8,333 100,000

Taxable Children Education Allowance 200 2,400
Statutory Bonus 1,388 16,656

Special Allowance 2,945 35,344

LTA (1) 0 0
Professional Training &
Reimbursements
Development 1,000 12,000

Books & periodicals 1,000 12,000

Gross Salary 31,533 378,400

PF contribution (employer) 1,800 21,600

Retirals
ESIC contribution (employer) 0 0
Base cost to company
(CTC) 33,333 400,000

PF contribution (employee) 1,800 21,600

Deductions ESIC contribution (employee) 0 0

Professional Tax (2) 208 2,500

Net Pay before tax 29,525 354,300

Fixed cost to company
(CTC) 33,333 400,000

(1) Tax deduction will be based on documents and bills submission

(2) Can change as per state norms and monthly gross income
(3) Incentives will be paid as per Company Policy.