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4 - 4324787 - Salary - Illustration - 12 - 12 - 2024 7 - 14 - 45 PM

The document is a salary illustration sheet for Raiyaan Firoz Shaikh, detailing monthly earnings, deductions, and potential incentives over the first 12 months of employment. The monthly earning is set at 24,894, with a consistent assured salary of 22,215 and deductions of 4,182, resulting in a take-home pay of 18,034, which may increase with performance-based incentives. It emphasizes that this is an illustrative document and does not guarantee any claims on variable pay, with management retaining the right to amend policies.

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6 views1 page

4 - 4324787 - Salary - Illustration - 12 - 12 - 2024 7 - 14 - 45 PM

The document is a salary illustration sheet for Raiyaan Firoz Shaikh, detailing monthly earnings, deductions, and potential incentives over the first 12 months of employment. The monthly earning is set at 24,894, with a consistent assured salary of 22,215 and deductions of 4,182, resulting in a take-home pay of 18,034, which may increase with performance-based incentives. It emphasizes that this is an illustrative document and does not guarantee any claims on variable pay, with management retaining the right to amend policies.

Uploaded by

mehrwertinfotechhr5
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 RAIYAAN FIROZ SHAIKH Comp Grade 12

Start Date 16/12/2024 Title Representative, FAO

Location Mumbai Monthly Earning 24,894


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 22,215 4,182 18,034 - 18,034
1 22,215 4,182 18,034 - 18,034
3 22,215 4,182 18,034 1,000 19,034
4 22,215 4,182 18,034 1,000 19,034
5 22,215 4,182 18,034 1,000 19,034
6 22,215 4,182 18,034 1,000 19,034
7 22,215 4,182 18,034 1,000 19,034
8 22,215 4,182 18,034 1,000 19,034
9 22,215 4,182 18,034 1,000 19,034
10 22,215 4,182 18,034 1,000 19,034
11 22,215 4,182 18,034 1,000 19,034
12 22,215 4,182 18,034 1,000 19,034

-* 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 : RAIYAAN FIROZ SHAIKH

Signature :

Date(dd/mm/yyyy) :

CNX1/REC/ART/NSLAX/FT121110/60

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