COST TO COMPANY(CTC) FOR KARRI UDAY BABU
Email: udayjava836@gmail.com
Band: E2
Designation: Technical Lead
Issued Date:Thursday, August 24, 2023
Monthly Components (In Rs.)
Basic Salary 27083
House Rent Allowance/Company Leased Accomodation 13542
Compensatory Allowance 19906
Food Wallet 2000
Flexi Basket # 25500
TOTAL: Monthly (A) 88031
TOTAL: Monthly : Annualised (B) 1056372
Annual Components (In Rs.)
Provident Fund 39000
Gratuity 15625
Insurance & Medical Benefits 20000
TOTAL: Annual : (C) 74625
Variable Components(In Rs.)
Performance Bonus @ 100% achievement levels+ 104000
Engagement PB @ 100% achievement levels (paid monthly) 65004
TOTAL: Variable Components : (D) 169004
Total Annual Earning Opportunity (B) + (C) + (D) 1300001
# 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
