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Ashish Kumar Singh Salary Increment Notice

Ashish Kumar Singh received a merit increase of Rs. 24,002 effective April 1, 2020. His revised annual compensation includes a basic salary increase to Rs. 8,500 per month. The compensation statement details increases to allowances and annual benefits resulting in a total annual cost to the company of Rs. 294,685. Singh is requested to follow all COVID-19 safety guidelines.

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0% found this document useful (0 votes)
493 views4 pages

Ashish Kumar Singh Salary Increment Notice

Ashish Kumar Singh received a merit increase of Rs. 24,002 effective April 1, 2020. His revised annual compensation includes a basic salary increase to Rs. 8,500 per month. The compensation statement details increases to allowances and annual benefits resulting in a total annual cost to the company of Rs. 294,685. Singh is requested to follow all COVID-19 safety guidelines.

Uploaded by

Ashish Singh
Copyright
© © All Rights Reserved
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28 May 2020

Emp Code : 901105


Name : ASHISH KUMAR SINGH
Designation : OFFICER
Department : PRODUCTION

Subject : Merit Increase

Dear MR. ASHISH KUMAR SINGH,

The growth of an organization is an outcome of the cumulative contribution of every employee. As we navigate
the business through a world witnessing economic uncertainty amid a global pandemic, we are making all efforts
to ensure we remain in step with the changes. Your contribution is an essential part of our strategy to not just
overcome these challenges but stay ahead and triumph.

Our endeavor is to ensure that your contribution is measured, recognized and rewarded appropriately. We are
pleased to inform that based on your performance you have been awarded an annual increment of Rs.24,002/-
effective April 01, 2020.

The detailed breakup of your revised compensation structure is enclosed as Annexure. Please note that the
compensation details are to remain strictly private and confidential and must not be disclosed to others.

We value your contributions and trust you will continue to strive for excellence.

We request you to follow all the safety measures and guidelines put in place due to the current challenging situation.
It is critical that we ensure total compliance to stay safe and healthy.

Regards,
For UNICHEM LABORATORIES LTD.

Chief Human Resources & Compliance Officer


UNICHEM LABORATORIES LIMITED
PLOT NO.197, SECTOR -1
PITHAMPUR
PaySlip For The Month - Oct 2020
MU/FIN/FOR/004

NAME : ASHISH KUMAR SINGH EMPLOYEE CODE 901105


NEAR RETI MANDI PAID DAYS 31.00
CHAURAHA PAN IEBPS7381B
UAN 101340554456
PF MP/IND/8273/1697
INDORE Mode NEFT
452010

Sr. EARNINGS PER MONTH LOP ARREARS ACTUAL DEDUCTION AMOUNT

01 BASIC SALARY 8500.00 0.00 0.00 8500.00 PF CONTR. 1830.00


02 HOUSE RENT ALLOWANCE 3800.00 0.00 0.00 3800.00 ESIC-DEDUCT 132.00
03 EDUCATION ALLOWANCE 200.00 0.00 0.00 200.00 Canteen Deduction 182.00
04 PERSONAL ALLOWANCE 3250.00 0.00 0.00 3250.00
05 BONUS/EX-GRATIA 0.00 0.00 0.00 23,844.00
06 OTHER ALLOWANCE 3300.00 0.00 0.00 3300.00

GROSS EARNINGS 19,050.00 0.00 0.00 42,894.00 GROSS DEDUCTION 2,144.00

NET SALARY 40,750.00

LOSS OF PAY:
Annexur
e
Emp Code : 901105
Name : ASHISH KUMAR SINGH
Designation : OFFICER
Department : PRODUCTION

Compensation
Statement
For the year 2020- Amount
21 (INR)
Total Increment 39,665

Compensation Curren Revise


Heads t d
BASIC SALARY 8,000 8,500
HOUSE RENT ALLOWANCE 3,200 3,800
EDUCATION ALLOWANCE 200 200
PERSONAL ALLOWANCE 2,250 3,250
OTHER ALLOWANCE 2,300 3,300
Monthly Salary 15,950 19,050
Annual Components
LEAVE TRAVEL ALLOWANCE 7,980 8,480
BONUS/EX-GRATIA 23,844 23,892
GRATUITY 4,604 4,892
ESIC 8,998 6,861
PF COMPANY CONTRIBUTION 18,194 21,960
Annual Cost To Company 255,020 294,685
Note:-
Kindly contact your HR representative for any further details or clarifications on the Compensation
Structure.
This letter is generated electronically and hence signature is not required. If there is any query in this regard, kindly contact
the
HR department within 8 working days from receipt of this letter.

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