2023 Appraisal Letter
2023 Appraisal Letter
Based on your annual performance review for the Assessment year 2022-23, your compensation has been revised. The details of your compensation
effective from 1st April, 2023 are as follows:
Particulars 2023-24
Monthly (In Rs.) Annual (In Rs.)
Basic 17,803 213,636
Provident Fund 2,136 25,632
Gratuity 856 10,272
Medical Allowance 1,250 15,000
HRA 5,341 64,092
Transport Allowance 1,600 19,200
Balance Pay 6,620 79,440
Sales Incentive* 6,000 72,000
Total CTC 41,606 499,272
*Employees working in direct Sales will be entitled to sales incentive scheme framed thereof on monthly/quarterly basis as the case may be for the
period they are so deployed in such operations.
The Pay, perquisites & allowances shall be subject to Income Tax Rules, wherever applicable.
Please note that your allowances etc are confidential in nature and hence should not be shared with any other person.
Kiran Singh
GM HR - Corporate