To 01st July, 2022

Chandra Shekhar Malhari

K00361
Assistant Manager

Subject: Remuneration Revision - F22 -w.e.f 1st July , 2022

Dear Chandra Shekhar Malhari,

We would like to thank you for your contribution during the previous performance years. As you are aware, the business scenario
has continued to be extremely competitive and challenging, but inspite of the current situation we would like to reward you for
your performance and contributions.

Your FCTC has been revised from Rs.4,95,000/- to Rs.5,29,644/-. Please note, the total increase in FCTC is apportioned to a new
salary component named Supplementary Allowance, and will be paid w.e.f. 1st July, 2022.

We would like to inform that the New Wage Code is expected to be implemented by the Government in the near future.
Considering the same we have increased the Basic Component so that the impact during wage code revision is minimal and the
supplementary allowance has now been utilised for this purpose. This process has been done to ensure that the impact of a lower
take home salary is minimised when the new wage code is implemented.

You are requested to give your consent of acceptance of the changes to the Remuneration Revision letter in the ESS portal post you
downloading your letter from our HRMS – Adrenalin, for the changes to be effected in your salary.

We are sure that you will strive towards superior performance in the coming performance years and will endeavour to help the
organisation reach its goals.

We wish you all the very best.

Yours sincerely,

SRINIVASA RAGHAVAN.G
Global President
 ki Mobility Solutions Private Limited

Annexure - A
Cost to Company (CTC) Details

Emp Name Chandra Shekhar Malhari Emp Name Chandra Shekhar Malhari
E Code K00361 E Code K00361
Date of Birth 02-Feb-1979 Date of Birth 02-Feb-1979
Date of Joining 01-Nov-2020 Date of Joining 01-Nov-2020
Grade O4 Grade O4
Designation ASSISTANT MANAGER Designation ASSISTANT MANAGER

Present Cost to Company (CTC) Revised Cost to Company (CTC) Effective 1st July, 2022
Component Monthly (INR) Annual (INR) Component Monthly (INR) Annual (INR)
A. Base pay A. Base pay
Basic pay 14,315 1,71,780 Basic pay 19,862 2,38,344
Total - A 14,315 1,71,780 Total - A 19,862 2,38,344
B. Allowances B. Allowances
B1. HRA 5,726 68,712 B1. HRA 7,945 95,340
B2. Transport Allowance 1,600 19,200 B2. Transport Allowance 1,600 19,200
B3. Children Educational Allowance 200 2,400 B3. Children Educational Allowance 200 2,400
B4. Other Allowance 8,473 1,01,676 B4. Other Allowance 9,925 1,19,100
Total - B 15,999 1,91,988 Total - B 19,670 2,36,040
Monthly Gross for ESI Contribution (A + B1 + B3 ) * 28,714 3,44,568 Monthly Gross for ESI Contribution (A+B1+B3+B4 ) * 37,932 4,55,184
Actual Gross Earning ( A + B ) 30,314 3,63,768 Actual Gross Earning ( A + B ) 39,532 4,74,384
C. Retirals C. Retirals
C1. Employees Provident Fund 1,800 21,600 C1. Employees Provident Fund 2,383 28,596
C2. Gratuity 689 8,268 C2. Gratuity 955 11,460
C3. ESI - - C3. ESI - -
Total - C 2,489 29,868 Total - C 3,338 40,056
D. Statutory Bonus D. Statutory Bonus
Statutory Bonus **** 16,800 Statutory Bonus **** 16,800
Total - D 16,800 Total - D 16,800
E. Other Benefits E. Other Benefits
Health Insurance Premium ** 20,000 Health Insurance Premium ** 20,000
Supplementary Allowance 5,380 64,560 Supplementary Allowance - -
Total - E 20,000 Total - E 20,000
F. Variable Compensation F. Variable Compensation
Variable Pay / Incentive*** 74,256 Variable Pay / Incentive*** 79,452
Total - F 74,256 Total - F 79,452
G. Fixed Cost to Company ( FCTC ) ( A+B+C+D+E ) 4,95,000 G. Fixed Cost to Company ( FCTC ) ( A+B+C+D+E ) 5,29,644
H. Total Cost to Company ( TCTC ) ( G+F ) 5,69,256 H. Total Cost to Company ( TCTC ) ( G+F ) 6,09,096
Note:
* Applicable and relevent in cases where monthly gross is less than Rs. 21,001/-
** Health Insurance Premium of Rs. 20,000/- is the average spend per employee
*** The variable pay amount would differ every year based on the VP Matrix published for that year and your FCTC in that year. Variable pay amount is
indicative and notional. Variable pay is applicable for the first year of service only if the Date of Joining happens to be on or before 30th September..
*** Employees categorized between O1 to M3 grade will be covered under Pinnacle (Sales Incentive Policy) or Delight (Service Incentive Policy), based on
their roles. All others will be part of variable pay process.
**** This is the maximum amount of statutory bonus; however this is subject to revision as per the performance of the company and might vary year on
year as per the provisions of the Payment of Bonus Act
The revised FCTC depicted is the total value arrived after rounding upwards the decimal points