Office -707, 707-A, 708 and 708-A, "Brilliant Titanium", PSP Plot No.9, Scheme No.
78, Part-II, Indore 452 010
Ref: MLOSPL/HR//NR/OL-10/24 Date: October 24, 2024
Parth Verma,
161 doodhnath colony near Bus stand Chhatarpur (M.P.) 471001
Letter of Intent
Dear Parth Verma,
You are selected for the position of Associate Executive -Recruitment in our organization.
As discussed, your actual date of joining and timing will be communicated to you at a later date via e-mail & over
the phone. Please find the softcopy of the letter intent attached.
Your annual CTC would be INR 360000 (Three lakhs sixty thousand). Compensation details are confidential
and not to disclosed to any person other than your immediate manager or undersigned in case you need
clarifications.
Letter of appointment will be issued on your joining day.
We are confident you will find this new opportunity both challenging and rewarding. We look forward to the
opportunity to work with you in an atmosphere that is successful and mutually challenging and rewarding.
Please sign and return a copy of this letter as a token of your acceptance of our above offer.
Thanking you,
Yours faithfully,
For ml Outsourcing Services Pvt. Ltd.
Garima Khosla
Talent Acquisition
Registered Office: A-213/1/5, Som Dutt Chamber, Bhikaji Cama Place, New Delhi – 110066 CIN: U72200DL2004PTC12758 1/2
ANNEXURE
Annual/Monthly CTC Parth Verma
Annual Monthly
Salary:
Basic 144000 12000
Total Salary (A) 144000 12000
Allowances:
House Rent 57600 4800
Bonus 28800 2400
Other Allowances 72600 6050
Total Allowances (B) 159000 13250
FBP
FBP CAR 0 0
FBP DRIVER 0 0
MEAL COUPONS 26400 2200
FBP TELEPHONE 0 0
FBP TECH BOOKS 0 0
LTA 0 0
Total FBP (C) 26400 2200
Total Gross Salary (A+B+C) 329400 27450
Fringe Benefits
Family Medical Insurance 9000 750.00
Employer Contribution to Provident Fund 21600 1800
Total Fringe Benefit (D) 30600 2550
Total CTC (A+B+C+D) 360000 30000
Note:
1)Medical Insurance is for up to Rs. 400,000/- for family (i.e, Self + Spouse + 2 Kids).
2) HRA will be exempted from the taxable salary in accordance with the Income Tax Rules, only on producing the
original rent receipts.
3) Any changes to the above would have to be confirmed in writing by the company. Income Tax will be deducted
on the taxable salary in accordance with the prevailing Income Tax Rules. If you plan to invest or have invested in
any Tax saving instruments, you are requested to declare the same in writing at the time of joining and in the April
month of subsequent years, in order to compute the appropriate amount of Tax.
4) Employee contribution to Provident Fund which is equal to the employer’s contribution will be deducted from
the monthly gross salary every month.
ml Outsourcing Services Pvt. Ltd. Agreed and Accepted
-------------------------------- --------------------------------
Garima Khosla Parth Verma
Talent Acquisition Associate Executive -Recruitment
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