COST TO COMPANY(CTC) FOR Jeetendra Thombare S
Email: [email protected]
Band: E3
Designation: TECHNICAL SPECIALIST
Issued Date:Saturday, October 29, 2022
Monthly Components (In Rs.)
Basic Salary 48958
House Rent Allowance/Company Leased Accomodation 24479
Compensatory Allowance 48626
Food Wallet 2000
Flexi Basket # 32500
TOTAL: Monthly (A) 156563
TOTAL: Monthly : Annualised (B) 1878756
Annual Components (In Rs.)
Provident Fund 70500
Gratuity 28245
Insurance & Medical Benefits 20000
TOTAL: Annual : (C) 118745
Variable Components(In Rs.)
Performance Bonus @ 100% achievement levels+ 235000
Engagement PB @ 100% achievement levels (paid monthly) 117504
TOTAL: Variable Components : (D) 352504
Total Annual Earning Opportunity (B) + (C) + (D) 2350005
# FLEXI BASKET DETAILS MAX SUB-LIMITS (per annum)
Car Lease Rental 210000
Leave Travel Assistance / Allowance 60000
Fuel Reimbursement and Car Maintenance Charges 120000
$ INSURANCE & MEDICAL BENEFITS (in Rs.) MAX SUB-LIMITS (per annum)
Hospitalization cost reimbursement limit 500000
Term life Insurance Cover## 4500000
Disability cover due to accident (upto) 2500000
Employee has an option of availing all, some or none of the Flexi Basket across various components as per annual limits and entitlements indicated in the CTC sheet. Based on the
individual declaration and actual reimbursements, any unclaimed amount will be paid to the individual as an Allowance at the end of the year
+ Year-end Performance Bonus is not payable on prorate basis in the event of employee leaving the organization prior to the completion of the performance review cycle.
## The EDLI coverage of INR 602,000 is over & above the Term Life Insurance coverage defined above.
Enagagement PB will be payable on a monthly basis as per EPB guidelines
All personal tax liability arising out of compensation and joining expense (if any) will be borne solely by the employee.
NOTE :
All salary components are governed by the company policies and statutory guidelines.
This salary sheet is strictly confidential and must not be discussed with anyone other than your HCLT Reporting Manager
