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Hareesh Salary Revision 2023

Hareesh Vege's revised salary structure includes a monthly CTC of Rs. 148,200 effective from January 1, 2023, with an annualized CTC of Rs. 1,800,000. The salary components include basic salary, HRA, and special allowance, along with employer contributions and deductions. The document emphasizes confidentiality and outlines additional performance-based rewards eligibility.

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28 views1 page

Hareesh Salary Revision 2023

Hareesh Vege's revised salary structure includes a monthly CTC of Rs. 148,200 effective from January 1, 2023, with an annualized CTC of Rs. 1,800,000. The salary components include basic salary, HRA, and special allowance, along with employer contributions and deductions. The document emphasizes confidentiality and outlines additional performance-based rewards eligibility.

Uploaded by

hvegetest
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

Dear Hareesh,

Congratulations!

Please find your revised salary structure below.

COST TO COMPANY (CTC) FOR Mr. Hareesh Vege (Emp ID: E252)
Email: [email protected]
Designation: TECH HEAD
Effective from: 1st of January 2023
Monthly Component (In Rs.)
Basic Salary 59280
HRA 29640
Special Allowance 59280
TOTAL: Monthly (A) 148200

Employer Contribution PF (Monthly) 1800

Annual Variable Component (In Rs.)


Ann Performance Bonus 0
Annualized Cost to Company 1800000
Standard Deductions (in Rs.)
Health insurance premium (Monthly) 0
State Govt Profession Tax (Monthly) 200
Employee provident fund (Monthly) 1800
TDS As per Govt norms

NOTE:
All salary components are governed by the company policies and statutory guidelines.
The salary details are strictly confidential and not to be discussed or disclosed with anyone
+ 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.
You are also eligible for performance/contribution/attitude-based reward in addition to your salary which is
measured and paid annually.

Radha Duggi
Director – HR

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