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Increment Letter Format

The document is a salary increment letter sent to Mr. XXXX. It summarizes that it has been a good year for business and employee performance. It then provides details of the recipient's new salary package, which includes an increased basic salary of Rs. 3200 per month along with other allowances. The salary increase is effective from April 1, 2008. It also lists some non-cash benefits like medical insurance that the employee will receive.

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Pavankumar Karnam
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© © All Rights Reserved
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Download as DOC, PDF, TXT or read online on Scribd
564 views

Increment Letter Format

The document is a salary increment letter sent to Mr. XXXX. It summarizes that it has been a good year for business and employee performance. It then provides details of the recipient's new salary package, which includes an increased basic salary of Rs. 3200 per month along with other allowances. The salary increase is effective from April 1, 2008. It also lists some non-cash benefits like medical insurance that the employee will receive.

Uploaded by

Pavankumar Karnam
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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10-Dec-2008

Dear Mr.XXXX,

It has been a good year, in terms of business as well as performance of our people.
Teamwork has been a highlight and employees are seeing working with XXXX as a
great experience. We are proud of that fact and hope that you continue to give your
best to the company and we compensate equally well for your contributions.

As it is customary every year, pls. Find attached your salary increment and incentive
details. Your designation continues to be XXXX.

The salary change is effective 1st April 2008.

Best wishes and thank you for being a part of XXXX.

For XXXXXXXXXXXXXXXXXX

Authorized Signatory
SALARY DETAILS

Sal Particulars with effect from April 2008

Salary Increment
SALARY PARTICULARS Pm Pa

BASIC SALARY 3200.00 38400.00


DA 900.00 10800.00
HRA 1600.00 19200.00
Conveyance 800.00 9600.00
Medical Allowance 1250.00 15000.00
Educational Allowance 1000.00 12000.00
Special Allowance 116.00 1392.00

GROSS take home 8866.00 106392.00


Deductions
PF 492.00 5904.00
ESI 156.00 1872.00
PT 98.00 1176.00
NET take home salary 8120.00 97440.00

Apart from the above cash remuneration, you will be entitled to the following non-
cash benefits
1. Statutory benefits like PF (company contribution) and gratuity
2. Medical insurance / accident insurance cover of Rs. 600/- The yearly premium
paid by the company
3. Mobile phone facility of Rs. 1200/- Per month
4. Training support for any training that you would like to undergo of your choice
to the extent of Rs. 10,000/-
5. Yearly bonus of Rs. 6000/-

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