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Counter_Offer_BreakUp

The document outlines the Cost to Company (CTC) for Faizur Rahuman S, a Technical Lead, detailing monthly and annual salary components totaling an annual earning opportunity of Rs. 1,080,005. It includes various allowances, benefits, and performance bonuses, along with specific limits for flexi basket and insurance components. The document emphasizes confidentiality and the employee's responsibility for personal tax liabilities.

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Faizur Rahuman
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7 views

Counter_Offer_BreakUp

The document outlines the Cost to Company (CTC) for Faizur Rahuman S, a Technical Lead, detailing monthly and annual salary components totaling an annual earning opportunity of Rs. 1,080,005. It includes various allowances, benefits, and performance bonuses, along with specific limits for flexi basket and insurance components. The document emphasizes confidentiality and the employee's responsibility for personal tax liabilities.

Uploaded by

Faizur Rahuman
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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COST TO COMPANY(CTC) FOR Faizur Rahuman S

Email: [email protected]

Band: E2

Designation: Technical Lead

Issued Date:Wednesday, November 15, 2023

Monthly Components (In Rs.)


Basic Salary 22500

House Rent Allowance/Company Leased Accomodation 11250

Compensatory Allowance 11602

Food Wallet 2000

Flexi Basket # 25500

TOTAL: Monthly (A) 72852


TOTAL: Monthly : Annualised (B) 874224

Annual Components (In Rs.)


Provident Fund 32400

Gratuity 12981

Insurance & Medical Benefits 20000

TOTAL: Annual : (C) 65381

Variable Components(In Rs.)


Performance Bonus @ 100% achievement levels+ 86400

Engagement PB @ 100% achievement levels (paid monthly) 54000

TOTAL: Variable Components : (D) 140400

Total Annual Earning Opportunity (B) + (C) + (D) 1080005

# FLEXI BASKET DETAILS MAX SUB-LIMITS (per annum)

Car Lease Rental 150000

Leave Travel Assistance / Allowance 60000

Fuel Reimbursement and Car Maintenance Charges 96000

$ INSURANCE & MEDICAL BENEFITS (in Rs.) MAX SUB-LIMITS (per annum)

Hospitalization cost reimbursement limit 500000

Term life Insurance Cover## 3000000

Disability cover due to accident (upto) 2500000

Employee has an option of availing all, some or none of the Flexi Basket across various components as per annual limits and entitlements indicated in the CTC sheet. Based on the
individual declaration and actual reimbursements, any unclaimed amount will be paid to the individual as an Allowance at the end of the year

+ Year-end Performance Bonus is not payable on prorate basis in the event of employee leaving the organization prior to the completion of the performance review cycle.

## The EDLI coverage of INR 702,000 is over & above the Term Life Insurance coverage defined above.

Enagagement PB will be payable on a monthly basis as per EPB guidelines

All personal tax liability arising out of compensation and joining expense (if any) will be borne solely by the employee.

NOTE :
All salary components are governed by the company policies and statutory guidelines.

This salary sheet is strictly confidential and must not be discussed with anyone other than your HCLT Reporting Manager

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