Name of the candidate: Sayali Tawade

Designation : Senior Software Engineer

Salary Components Annual Monthly

Basic 924,200 77,017
House Rent Allowance 369,680 30,807
Education Allowance 2,400 200
Sodexo Vouchers 26,400 2,200
Leave Travel Allowance 55,452 4,621
Telephone /Internet Reimbursements 24,000 2,000
National Pension Scheme 92,420 7,702
Flexible Allowance 353,848 29,487
Base Salary 1,848,400 154,033

Retirement Benefits
Employer's Contribution to Provident Fund 21,600 1,800
Total Gross Salary.......................................(A) 1,870,000 155,833

Performance Bonus…...............................(B) -
Total Cash Compensation (A+B).................(C) 1,870,000

Non Cash Benefits....................................(D)

Professional Development Allowance 15,000
Medical and Accident Insurance Premium 15,000

Final CTC (C+D) 1,900,000

*Sign-on 100,000
Notes:
House Rent Allowance is a component of the salary which is paid monthly. Tax exemption on this allowance is
dependent only on producing specific documents.
Leave Travel Allowance is tax free subject to producing rail / air tickets as per IT rules- twice in block of 4 years.
Telephone/Internet Reimbursement will not be paid monthly. Instead it will be paid bi-annual on submission of
the actual invoices only. At the end of the year i.e. in the month of March, any amount remaining unclaimed by
the employee will be included in the gross salary and taxed accordingly.
PF amount mentioned shall differ based on nationality as per governing laws.
Professional Development Allowance, is financial assistance reimbursement component provided towards self-
development which covers various learning & development programs. Any unutilized amount at the end of the
calendar year will stand lapsed.
Gratuity is a retirement benefit payable as per provisions of Payment of Gratuity Act 1972. It is paid only on
completing continuous service of not less than 4 years and 240 days of employment with the company and on
cessation of employment. The gratuity is calculated as - Last drawn basic wages*15 days*/26 days *no of years
of service
*Sign-on Bonus : Paid after completion of 3 months with Icertis. Such bonus is not earned till you have
completed one full year of employment at Icertis. If within 1 year of your hire date, you voluntarily resign or
are discharged for a cause, you agree to repay the sign on bonus immediately to Icertis and you consent for a
payroll deduction for this purpose. This amount has not been included in your total compensation above.
All the above allowances and benefits are as per the Companies policies listed in the Employee Handbook and
are subject to change from time to time.