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The gross annual fixed compensation below is based on your employment for a twelve (12) month
period and will be prorated depending on the effective start date of your employment.
Cells in yellow to be populated by the recruiter/ candidate
Name
Emp Code
Level Level 11 PF "Yes"
Total Fixed Pay 620,000 PF "Fixed"
Statutory Bonus 36,000 PF "No"
ESIC Eligible No
204,400 17,033
Yearly Monthly
Basic Salary 204,400 17,035 228,928
Transport Allowance 19,200 1,600 Transport
248,128
Allowance
House Rent Allowance 102,200 8,517 will be350,328
taxable if
employees avail
Provident Fund (Yes, Fixed, No) PF "Yes" 24,528 2,044 company
Adhoc Allowance 193,672 16,139 . transportation.
Meal Allowance 0 0
Breakup of
Reimbursements :-
Please select for PF from Medical 15,000 1,250 Medical 0
drop down LTA 25,000 2,083 LTA 0
Explanation
Cells in yellow need to be populated
Amounts should be entered by the employee
Reimbursements mentioned above are as per eligibility, employee has an option
to choose the amounts and balance will be reallocated to Miscellaneous
Allowances
Paid as Salary
Provident Fundonmentioned
monthly basis
above refers to Company's Contribution to Provident
Fund
- If the monthly Basic is < 15000, then PF is mandatory;
- If the monthly Basic is >= 15000, then you will have options of 'Yes', 'Fixed' &
'No' to choose from;
- If PF account already exists from previous employment, then options are 'Yes'
& 'Fixed'
Reimbursements will be paid out based on amounts booked on the website and
are subject to submission of bills
Meal Allowance will be provided in the form of Sodexo food coupons. Employee
should opt for the meal allowance and collect the food coupons in the beginning
of each month
No calculations above take into account the effect of income tax.
Any difference between (Monthly Total X 12) and Yearly Total will be adjusted
in the salary paid in the last month of the Financial Year
B19: Please select for PF from drop down
B26:
In Lieu of reimbursements.