SALARY ANNEXURE - B

Name : SAGAR R
Employee Number : MVSL0659
Designation : IMPLEMENTATION SPECIALIST
Department : SYMPHONY
Division : PROFESSIONAL SERVICES ORGANIZATION
With effect from : 01‐Apr‐2021
[Rupees]
SALARY COMPONENTS MONTHLY ANNUAL
Basic salary 20,484 245,808
House Rent Allowance 8,194 98,328
Flexible Benefit Plan 12,289 147,468
Gross [A] 40,967 491,604
Employer Provident Fund @13% 1,950 23,400
Employees State Insurance (ESI)
CTC [B] 42,917 515,004
Variable Bonus [C] 10,000
Retention (D)
Others [E]
Total CTC [F]=[B+C+D+E] 42,917 525,004
Less: Employee PF @12% [G] 1,800 21,600
Less Employee ESI [H]
Less Employee PT [I] 211 2,532
Take Home J = [A‐G‐H‐I] add [C,D,E] for Annual 38,956 477,472

@ Performance criteria would apply and will not be paid if performance rating is “needs improvement”
Additional benefits:
Group Mediclaim Insurance coverage of Rs.500,000 /- for self & family.
Note: Salary information is confidential and not to be discussed with anyone else in the company
other than HR. Tax liability will be borne solely by the employee. The above compensation structure
is subject to change without affecting emoluments adversely.

For MAXVAL IP SERVICES PRIVATE LIMITED

SURESH KUMAR UPPADA

GENERAL MANAGER ‐ INDIA OPERATIONS
3 Page

Maxval IP Services Private Limited

Tower 1 A, 4th Floor, India Land Tech Park
CHIL SEZ, Keeranatham Village Phone : +91 422 2181888, 2182888, 2183888
Coimbatore – 641 035 Email : info@maxval-ip.com
Tamil Nadu, India. Website: www.maxval.com