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3 - 2551442 - Salary - Illustration - 7 - 19 - 2022 9 - 16 - 28 PM

This document is a salary illustration sheet for an employee named Akshay Raj showing his monthly earnings over the first year of employment. It outlines his assured salary, deductions for PF/ESI, projected take-home pay before and with incentives, and notes that he is eligible for a step-up increase at months 8-10. The document concludes by stating that the salary illustration is not a guarantee of variable pay and that employment terms are governed by the appointment letter.

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Shaurya
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42 views1 page

3 - 2551442 - Salary - Illustration - 7 - 19 - 2022 9 - 16 - 28 PM

This document is a salary illustration sheet for an employee named Akshay Raj showing his monthly earnings over the first year of employment. It outlines his assured salary, deductions for PF/ESI, projected take-home pay before and with incentives, and notes that he is eligible for a step-up increase at months 8-10. The document concludes by stating that the salary illustration is not a guarantee of variable pay and that employment terms are governed by the appointment letter.

Uploaded by

Shaurya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Salary illustration sheet of monthwise earnings

Name AKSHAY RAJ Comp Grade 12

Start Date 22/07/2022 Title Representative, Operations

Location Gurgaon Monthly Earning 27,500


Potential
*Projected Take *Take-home
Assured Deductions Monthly Incentive at
Month Home (Pre Tax, opportunity with
Salary (PF/ESI) midpoint**
Monthly Incentive) Incentives (Pre Tax)
1 24,347 3,260 21,086 - 21,086
2 24,347 3,260 21,086 1,250 22,336
3 24,347 3,260 21,086 1,250 22,336
4 24,347 3,260 21,086 1,250 22,336
5 24,347 3,260 21,086 1,250 22,336
6 24,347 3,260 21,086 1,250 22,336
7 24,347 3,260 21,086 1,250 22,336
****8 25,147 3,260 21,886 1,250 23,136
****9 25,147 3,260 21,886 1,250 23,136
****10 25,147 3,260 21,886 1,250 23,136
11 25,147 3,260 21,886 1,250 23,136
12 25,147 3,260 21,886 1,250 23,136

****Stepup 1 Eligibility Cycle


-* Projected take home is pre tax amount. Income Tax deducations would be deducted as per applicable laws.
- ** Monthly Incentive is a variable amount and may vary depending upon the actual monthly performance data.
- Monthly Incentive is payable only after joining production.Training period may vary from process to process.
- *** StepUp increases will be governed by the Upskill policy
Important: The above is just an illustration sheet of the earnings and deductions view of first 12 months of employment and does not
entitle an employee to any claims on variable pay from the employer. Management reserves the right to withdraw or amend its
policies without any prior notification. Employment terms and conditions as per appointment letter shall be applicable.
I understand the salary /earning illustration and the same has been clearly explained to me.

Candidate Name : AKSHAY RAJ

Signature :

Date(dd/mm/yyyy) :

CNX1/REC/ART/NSLAX/FT121110/30.0

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