8/8/2019 Salary Component

1/1

Component b is redeemable monthly or yearly

If u redeem it monthly

Ur in hand after tax n employee pf contribution will be 31000

If u dnt redeem it mnthly n u want ir yearly thn ur monthly will be 30000 after tax n pf employee

conti

The third component is redeemed after 3 years

Fixed will be 30000 + the variable

Salary Component Amt per month (Rs) Amt per annum (Rs)

Total Monthly Salary (A)

Salary shall include Basic Salary, House Rent Allowance,

Conveyance & Special Allowance

30,395 3,64,744

Total Reimbursement (B)

Reimbursements shall include Food (Coupons),

Medical, Telephone & LTA

2,640 31,683

Total Retiral (C)

Retirement benefits shall include PF & Gratuity

2,381 28,573

Fixed Compensation (A+B+C) 35,417 425,000

Performance linked Variable Pay

as per Company policy up to

1,38,750

Potential Annual Remuneration

5,64,000

on Cost to Company Basis