This document outlines the total compensation for Mr. Sumit Kumar in his role as Team Lead. It includes:
- A breakdown of his annual salary which totals Rs. 16,36,875 including basic pay, allowances, bonuses, and employer retirement contributions.
- Details of insurance and additional benefits including life insurance, accident insurance, medical insurance, and transport allowance.
- Notes that company policies are subject to change at any time.
This document outlines the total compensation for Mr. Sumit Kumar in his role as Team Lead. It includes:
- A breakdown of his annual salary which totals Rs. 16,36,875 including basic pay, allowances, bonuses, and employer retirement contributions.
- Details of insurance and additional benefits including life insurance, accident insurance, medical insurance, and transport allowance.
- Notes that company policies are subject to change at any time.
This document outlines the total compensation for Mr. Sumit Kumar in his role as Team Lead. It includes:
- A breakdown of his annual salary which totals Rs. 16,36,875 including basic pay, allowances, bonuses, and employer retirement contributions.
- Details of insurance and additional benefits including life insurance, accident insurance, medical insurance, and transport allowance.
- Notes that company policies are subject to change at any time.
Designation: Team Lead Band: U4 Total Cost to the Company – TCTC (Per Annum) 16,36,875 Total Compensation (per Annum) 16,22,700 (A) Components of Salary Per Month (Rs) Per Annum (Rs) Basic 54,090 6,49,080 House Rent Allowance 27,045 3,24,540 Personal Pay 27,000 3,24,000 Statutory Bonus 17,997 2,15,969 Total (A) In Rs. 1,26,132 15,13,589 (B) Retirals and Benefits Provident Fund (Employer’s Contribution) 6,491 77,890 Gratuity 31,221 Total (B) In Rs. 1,09,111 (C) Employee Contribution Provident Fund (Employee’s Contribution) 6,491 77,890 Total (C) In Rs. 6,491 77,890 Take Home (A – C) 1,19,642 14,35,699 Insurance Premiums (toward GTLI, GPAI and GMI) 14,175 Additional Benefits: In addition to the above, you will also be eligible for the below-mentioned benefits - i) Insurance a) Group Term Life Insurance (GTLI) Coverage: You would be covered under the existing Group Term Life Insurance scheme of the company applicable to the employees in your respective grades as per the company policy and the same will be paid to the respective nominated beneficiary on the unfortunate death of the employee. b) Group Personal Accident Insurance (GPAI): You would be enrolled under the Company’s GPAI scheme with a cover of upto Rs. 25 lakhs payable in case of permanent disablement arising out of any unfortunate event of an accident. c) Group Medical Insurance (GMI): You would be covered under the existing Group Medical Insurance scheme of the company applicable to the employees in your respective grades as per the company policy. ii) Gratuity: As per Payment of Gratuity Act. iii) Company Transport and Transport Allowance: - Company provided transport is available only in ODD hour shifts. - In the event of you availing company provided transport in ODD hour shifts to commute to and from office, a token amount of Rs. 3000/- p.m. will be deducted from your salary, for one side transport it will be Rs. 1500/- p.m. Notes: The Company reserves the rights to amend, modify, rescind/ reinitiate the above mentioned policies and schemes partially or completely at any point of time.