Annexure A: Total Rewards Statement

Name: Shweta Joshi

Designation: Paramedic
Band: A
Department: Flight Safety
COMPENSATION w.e.f August 07, 2023
FREQUENCY
COMPONENTS OF
S.NO Monthly Annual OF DESCRIPTIONS (IF ANY)
COMPENSATION
PAYMENTS
A1 Basic 9,333 1,11,996 Basic Salary
House Rent Allowance
A2 4,667 56,004 HRA is calculated as 50% of Basic
Basic & (HRA)
Allowances Monthly For employees at the airport who wear a uniform, an
(A) amount of INR 1500 per month will be reflected as
A3 Special Allowance 9,085 1,09,020 Uniform Allowance (Tax exempt as per current tax laws)
in their pay-slip and rest of it will be paid as Special
Allowance.
Provident Fund (Company
B1 1,800 21,600 As per the Provident Fund act
Retirals* (B) Contribution) Monthly
Payable on separation post completion of 5 years of
B2 Gratuity 449 5,388
continuous service as per "The Payment of Gratuity Act"
A+B Q Total Fixed 25,334 3,04,008 Monthly
Variable Pay Annual Bonus is an annual variable pay and paid to eligible
/ Bonus / C1 Annual Bonus 1,333 15,996 Annual employees who are on company rolls and not serving notice
PLI (C) at the time of payout (after annual results in May/June)
Other benefit This allowance is payable as per the Transport Allowance
(D) D1 Transport Allowance 7,500 90,000 Monthly Policy for the respective locations and to the employees not
availing company provided shared transport.
All increments / Salary changes calculations will be basis
(Q+C+D) R Cost to Company (CTC) 34,167 4,10,000
CTC

This is an average insurance premium amount contributed

by the company for a coverage amount of INR 2,00,000,
Health & for employee and family members (spouse & kids). If the
E1 Medi-claim Insurance 4,740
employee chooses to cover his/her parents or take a top-
Insurance up, the additional premium shall be borne by the
Annual
Benefits (E) employee.
This is an average insurance premium amount contributed
E2 Life Insurance 1,450
by the company at this band.
Role Based F1 Efficiency Bonus 24,000 Quarterly
Benefits (F) This allowance shall be paid as per the Policy.
(R + E + F) S Total Rewards 4,40,190
*National Pension Scheme (NPS) : It is a voluntary, defined contribution retirement savings scheme. Incase an employee opts for NPS, upto 10% of basic will
be deposited and adjusted from the Special Allowance.
**Night Shift Allowance: For rostered employees working at the airport, if he/ she is rostered for a night shift and is working accordingly, he / she will be entitled for
a night shift allowance as per the Night Shift Allowance Policy.

TAPAS KUMAR DEY

07.08.2023 12:24