01-May-2024
To:
RATIKANTA DUTTA
AV084
Re: Merit 2024
Dear RATIKANTA DUTTA,
Following the company’s annual salary merit review, I am pleased to inform you that your current monthly
salary, for a full-time position, has been increased to reflect a current value of 139890 INR.
The increase will be effective as of 1 April 2024 and will be included in your April 2024 salary. (Paid in May).
The detailed breakup of your salary will be as per the annexure provided.
All other terms and conditions of your employment will be governed by the terms as mentioned in your
contract and in the latest Employee Handbook.
Your terms of employment with Avgol are confidential and therefore you are advised to keep all details
including the emoluments confidential.
I would like to take this opportunity to thank you for your commitment to Avgol.
By working together, we can continue to build a strong and successful company where everyone can enjoy
the work and do all that is of mutual benefit and growth.
Sincerely
Sanjay Bhayani
VP & Director Operations
India Region
Copy: Personal records
ANNEXURE
Employee Name RATIKANTA DUTTA
Employee Code AV084
Salary details wef April 2024
Salary Component Amount
Basic Salary 62951
House Rent Allowance 25180
Special Allowance 38961
Leave Travel Allowance 5244
Employer Contribution to NPS 0
Total 132336
Statutory Bonus 0
Employer Contribution to ESIC 0
Employer Contribution to PF 7554
Gross Salary 139890
Monthly Pay Slip
Total Salary Per Month 132336
Less : Employee PF 7554
Less : Employee Esic 0
Less : Employer NPS 0
Less : Professional Tax As Applicable
Less : Income Tax (Based on Investment
proof) As Applicable
Net Salary 124782
Sanjay Bhayani
VP & Director Operations
India Region
Copy: Personal records
