COMPENSATION STRUCTURE

Name of the Employee & Code EMP NO - 500782

Designation & Department IL2-M2
Annual Monthly
SALARY BREAK-UP (Rs.) (Rs.) Description
Annual Total TEC 650000
Monthly Components

Basic Salary 260000 21666 Forms part of Monthly Salary; Fully Taxable (Monthly)

House Rent Allowance @ 45% of Basic Salary Forms part of Monthly Salary; Non Taxable subject to
117000 9750 production of rent receipt (Monthly)
Attire and Washinng Allowance 26000 2166 Non Taxable (Monthly)

Leave Travel Allowance @ 1 Month Basic Salary P- Paid annually on completion of one year; Non Taxable two
3- 21666 1805 block of four years
Ex Gratia/ Bonus @ 1 Month Basic Salary p.a. 21666 1805 (Fully Taxable)
Provident Fund @ 12% of Basic Salary 31200 2600 As per PF Act
Gratuity @ 4.81% of Basic salary 12506 1042 As per Gratutiy Act

Transport Allowance Forms part of Monthly Salary; Fully Non Taxable in case n
27730 2311 petrol reimbursement (Monthly)

Children Education Allowance

3466 289 child maximum upto 2 children Non Taxable (Monthly)

Domiciliary Medical Reimbursement @ Rs 21666/- Prorata Reimbursement on monthly basis on production

per annum 21666 1805 Non Taxable
Petrol Reimbursement 41600 3466 As per IT Act
Supplementary Allowance (Balancing/ Fitment
* Forms part of Monthly Salary; Fully Taxable (Monthly)
Allowance) 65500 5458
Total TEC 650000 54163

Notes:

Apart from the above you will be entitled for the benefits as per the Company Policy.