Annexure - I

(Salary Structure)
Name Abhishek Pathak
E. Code F15991
Location Bengaluru - Indra Nagar
Date of Joining 11-October-2023
Designation Assistant Lecturer
Grade M8
Components Monthly (In Rs./-) Annual (In Rs./-)
Basic 25500 306000
HRA 12750 153000
Special Allowance 23 276
Gross Salary (A) 38273 459276
Gratuity* 1227 14724
Total Retiral Benefits (B) 1227 14724
CTC (A+B) 39500 474000
Variable Pay# (C) - 24948
Total CTC (A + B+ C) 39500 498948

* You will be entitled for Gratuity after completion of 5 yrs. continuous service with Aakash Educational Services Limited as
per Gratuity Act, 1972.
# Variable Pay: Variable Pay will be paid half yearly on the basis of Branch/Department/Company & Your performance.
Eligibility for Variable Pay: You have to be on the active rolls of the Company on the day of disbursement of Variable Pay.
Computation: Variable Pay will be paid for the days worked in the financial year, excluding loss of pay days.
Company reserves the right to hold or terminate the benefits of Variable Pay any time during the tenure of your employment
and same cannot be rightfully claimed with Company.
For Joiners between April to June, Variable Pay will be paid on the pro-rata basis half-yearly with October & April salary.
For Joiners between October to December, Variable Pay will be paid on the pro-rata basis half-yearly with April & October
salary.
For Joiners between July to September and January to March, Variable Pay will be paid on prorata basis for days worked with
April and October salary respectively.

Signature of Employee