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  • Suni Intent Doc 08102022

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    Sunil Kumar Patro
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    This letter of intent outlines the salary and benefits for Sunil Kumar Patro who has accepted a position as a Fund Accountant with the company. The guaranteed total annual compensation is Rs. 2,99,160 which includes a basic salary of Rs. 1,29,000 as well as allowances for housing, travel, bonuses, and statutory contributions to insurance and retirement funds. Additional benefits include Sodexo coupons worth Rs. 9,000 annually, accident and life insurance coverage of 3 times annual salary and fixed pay, and a hospital insurance plan covering Rs. 5,00,000 in medical costs for the employee and their family members.

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    Suni intent Doc 08102022

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    This letter of intent outlines the salary and benefits for Sunil Kumar Patro who has accepted a position as a Fund Accountant with the company. The guaranteed total annual compensation is Rs. 2,99,160 which includes a basic salary of Rs. 1,29,000 as well as allowances for housing, travel, bonuses, and statutory contributions to insurance and retirement funds. Additional benefits include Sodexo coupons worth Rs. 9,000 annually, accident and life insurance coverage of 3 times annual salary and fixed pay, and a hospital insurance plan covering Rs. 5,00,000 in medical costs for the employee and their family members.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Suni Intent Doc 08102022

    Uploaded by

    Sunil Kumar Patro
    This letter of intent outlines the salary and benefits for Sunil Kumar Patro who has accepted a position as a Fund Accountant with the company. The guaranteed total annual compensation is Rs. 2,99,160 which includes a basic salary of Rs. 1,29,000 as well as allowances for housing, travel, bonuses, and statutory contributions to insurance and retirement funds. Additional benefits include Sodexo coupons worth Rs. 9,000 annually, accident and life insurance coverage of 3 times annual salary and fixed pay, and a hospital insurance plan covering Rs. 5,00,000 in medical costs for the employee and their family members.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    rd

    3 Floor, 6B RMZ Ecoworld


    Outer Ring Road, Varthur Hobi
    Highly Confidential Banglore E Taluk, Banglore,
    560103

    www.statestreet.com

    Letter of Intent

    Name: Sunil Kumar Patro Date of joining: Oct‘2022 – Nov’2022


    Title Fund Accountat Location: Banglore / Hyderabad

    SALARY COMPONENTS MONTHLY ANNUAL


    Basic 10,750 1,29,000
    Home Rental Allowance 3,972 47,664
    Leave Travel Allowance 1,181 14,172
    Statutory Bonus 1,491 17,892
    Special Allowance 4,534 54,408
    Employee State Insurance – Company Contribution 354 4,248
    Provident Fund – Company Contribution 1,650 19,800
    Gratuity – Company contribution 448 5,376
    GUARANTED CASH ( TOTAL COMPENSATION) 24,930 2,99,160

    In addition to the above earnings, you shall also be entitled to a Discretionary Bonus, Sodexo Coupons, Shift Allowances, Personal accident
    and Life Insurance cover as governed by State Street Corporation policies and guidelines.

    Sodexo Coupons; 750 per month (750*12 = 9000 p/a)


    Personal Accident Insurance; Coverage upto 3 times of annual salary (for selfonly).
    Life Insurannce; Coverage upto 3 times of Annual FixedPay (for self only).
    Hospital lnsurance: Hospital Insurance coverage of INR 5,00,000 per annum which Includes Family. Family consists
    of Self, Spouse, two Children and Parents (sub limits for parents),

    Note:

    Sign:

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