Ref: OSPL/ALCL/2022-23/0175

To,

Mr Shashank Mondekar
Employee Code: E 86
Nagpur, Maharashtra 17th June 2022

Subject: Letter Of Promotion & Increment

Dear Mr Shashank Mondekar,

In recognition of your performance, we are pleased to inform you that you have been promoted
as Java Developer and your pay has also been revised and your current restructured CTC shall be
Rs. 6,00,336.00/- (Rupees Six Lakhs Three Hundred Thirty Six Only) per annum w.e.f. 1st May
2023.

This is also to inform you that with the revision of the HR Policy your notice period has also been
revised to 3 months with immediate effect and after accepting this payment revision you can’t drop
your resignation for the next 3 months.

We would like to take this opportunity to express our appreciation for your contribution to the
organization and hope that you will continue to strive for better results. We hope you will shoulder
your responsibilities with full dedication and sincerity.

Looking forward to a mutually rewarding and value additive relationship.

With best wishes,

Debi Das Sarkar

Manager Human Resources
Oakland Systems Pvt. Ltd.

I acknowledge receipt of this letter of appointment and confirm my acceptance.

Shashank Mondekar
Dated:
 Annexure I

Basic 21,125.00 2,53,500.00 Fixed Monthly

HRA 8,450.00 1,01,400.00 Monthly 40% of Basic
Commutation Allowance 3,200.00 38,400.00 Fixed Monthly
Medical Reimbursement 2,500.00 30,000.00 Fixed Monthly
Other Allowances 6,975.00 83,700.00 Fixed Monthly
Gross CTC 42,250.00 5,07,000.00
Other Allowances:
Gratuity 5,078.00 60,936.00
EPF-Employee Contribution 1,800.00 21,600.00 12% of Basic or Maximum 1800 whichever is less
EPF-Employer Contribution 1,950.00 23,400.00 13% of Basic or Maximum 1950 whichever is less
PT 200.00 2,500.00
Employee Insurance 750.00 9,000.00 Corporate Health Insurance of 3L cashless sum assurance
Net Take Home 40,250.00 4,83,000.00
TOTAL CTC 50,028.00 6,00,336.00