RETIRALS

Retiral benefits like Provident Fund (PF) and gratuity

will be applicable to all employees of the company.

1. Provident Fund
All employees will become members of the EPF
scheme from his/her date of joining.

The company will open a new Employees Provident

Fund (EPF) account with the Regional PF
Commissioner. All employees will be required to fill in
Form no. 13 for transferring their PF accumulation
from his/her previous employer to the new account.

The Company subscribes to Employees Provident

Fund Scheme with the Government of India. Once
confirmation of employment has been given the
Company will contribute 12% of Basic Salary to this
fund. The employee is required to contribute an equal
amount (12%) of their Basic Salary to the fund. The
employee's contribution will be deducted from the
monthly salary.

2. Gratuity
The Company will create a gratuity fund to provide
payments to the employees on retirement or
separation after 5 years of service.

The retrials are included in arriving at the CTC.