Salary details – Junior Associate (Associate Level 1)

Component description Monthly Annual

Fixed
Basic (includes employer share of PF) 38,500 4,62,000
HRA (50% of basic) 19,250 2,31,000
Special allowance 52,250 6,27,000
A. Total fixed salary 1,10,000 13,20,000
Variable
Bonus (maximum) - 2,77,200
B. Total variable salary - 2,77,200
Retirals
Gratuity (4.81% of basic) - 22,222
C. Total retirals - 22,222
D. Joining bonus 1,00,000
E. Deferred bonus 2,00,000
Total cash salary (A+B+C+D+E) - 19,19,422
Other benefits (non-cash)
Group medical insurance premium - 7,500
International travel insurance premium - 2,500
Team outings & offsite - 50,000
Food reimbursement - 39,600
Training & development - 75,000
F. Total other benefits (non-cash) - 1,74,600

Please note:
 PF is contributed at 12% of basic (included in basic)
 Bonus is subject to performance (company and individual employee) and can range between 0-40% of last
Basic + HRA. 40% is used for calculation
 Gratuity is contributed @4.81% of Basic, on separation after 5 years of continuous service, payable as per
Payment of Gratuity Act
 Joining bonus will be payable on satisfactory completion of working 1 month excluding notice period. The
person has to stay with the company for a period of 6 months excluding notice period, failing to which the
person has to payback the entire amount to the company
 Deferred bonus will be payable on satisfactory completion of working 2 years excluding notice period
 Other benefits are non-cash components based on average spend. This amount can vary for each year and
cannot be converted into cash pay-out for employee
 Medical insurance coverage of INR 300,000 per annum for employee, spouse and maximum of 2
dependent children
 International travel insurance coverage of USD 100,000 per annum for employee
 Covers team outings and partial cost of offsite for employee, spouse and 2 dependent children
 Food reimbursement of INR 150 per day for the number of days employee is present in India office
 Average spend on employee learning & development and training program including internal trainings,
external trainings, development program, reimbursements for professional certifications
 Additional per diem for onsite travel. Onsite expenses will be borne by company

Acuvon Consulting Pvt. Ltd.

Corporate Office: Berger Delhi One, 18th Floor, Sector 16B, Noida, (UP) – 201301, India
Registered Office: E 19, Lajpat Nagar III, New Delhi – 110024, India
e: info@acuvon.com w: www.acuvon.com CIN No. U74999DL2018PTC340046