Remuneration Structure

Name Kiran Kumar J

Designation Territory Manager
Department Sales & Marketing
Band & Grade I, E-4
Location Trivandrum
Date of Joining 10-Apr-2023
Salary Annexure
S. No Heads
Per Month in INR Per Annum in INR

(A) Salary
Basic Salary 15,000 1,80,000
House Rent Allowance 7,500 90,000
Special Allowance 3,833 46,000
Children Education Allowance 200 2,400
Health & Fitness Allowance 1,250 15,000
Total (A) 27,783 3,33,400
(B) Re-imbursements

Leave Travel Assistance 0 0

Total (B) 0 0
(C ) Statutory Contribution
Co's Contribution to PF @12% of Basic 1,800 21,600
Total (C ) 1,800 21,600
(D) FIXED COST (Total (A+B+C) 29,583 3,55,000
(E) Performance Linked Variable Pay
Target Performance Linked Variable Pay (*PLVP) @ 12% of Fixed Cost - 0
Total (E) - 0
(F) Target Potential Earnings (D+E) - 3,55,000
Note:-
* Performance Linked Variable Pay (PLVP) will be paid to eligible employees as per Company Policy applicable for the financial year.

1. Special Allowance will not be in nature of Basic Wages and hence will not rank for retirals like Gratuity, PF etc.
2. Reimbursement of all above expenses shall be made as per Company rules.
3. In case where the services rendered by you in any financial year are less than twelve months, the reimbursement of all allowances will be
made on pro-rata basis.
4. Gratuity will be applicable as per the Payment of Gratuity Act'
5. Above Emolument Structure is solely at the discretion of the management which can be changed any time.
6. You will be covered under various insurance policies taken by the company for its employees.
7. Company will reimburse you notice period, on providing authentic proof of full & final settlement of your previous employer, incase agreed
upon
8. Taxability of the above package will be as per applicable tax laws, which will be borne by the employee
9. However, in case you resign from employment with the Company before the completion of 1 (one) year from your joining date, you hereby
agree that you shall be liable to repay to the Company any Notice Pay reimbursement and/or Relocation Expenses paid by the Company at the
time of your joining. Further, you hereby consent to the company recovering or settling off the amount of Notice Pay and/or Relocation
Expenses recoverable by it from any amount payable to you.

10. Sales Incentive will be paid as per Provis Sales Incentive Plan of the financial year.
11. Statuatory bonus will be paid as per Payment of Bonus act
12. Travel Allowances will be paid as per agreedTravel Rules of the company