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The document outlines the compensation package for PUPPALAGUDEM BALAKRISHNA as an Officer in Sales, detailing a total fixed pay of Rs 2,30,802 per annum along with various benefits including insurance and provident fund contributions. It specifies the structure of the salary components, including basic pay, allowances, and bonuses, as well as eligibility for additional benefits such as mobile reimbursement and gratuity after five years of service. The document also mentions the variable pay based on performance, contingent upon employment confirmation.

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Bala Krishna
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23 views1 page

Candidate

The document outlines the compensation package for PUPPALAGUDEM BALAKRISHNA as an Officer in Sales, detailing a total fixed pay of Rs 2,30,802 per annum along with various benefits including insurance and provident fund contributions. It specifies the structure of the salary components, including basic pay, allowances, and bonuses, as well as eligibility for additional benefits such as mobile reimbursement and gratuity after five years of service. The document also mentions the variable pay based on performance, contingent upon employment confirmation.

Uploaded by

Bala Krishna
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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CTC Annexure

Emoluments for the grade of Officer - Sales for PUPPALAGUDEM BALAKRISHNA

COMPENSATION P.A. (Rs) P.M. (Rs)

Basic 90,000 7,500


Basket of Allowance 96,672 8,056
Bank's PF Contribution 17,001 1,417
Gratuity * 4,329 361
Location Pay 6,000 500
Statutory Bonus 16,800 1,400
Total Fixed Pay 2,30,802 19,234
Benefits:
Group Mediclaim Policy and Term Life
13,263 -
Insurance
Total Fixed Pay + Value of
2,44,065
Benefits

- Location Pay is dependent on the posted location of the employee and is liable to change in case an employee is transferred
to some other location subsequently.

Details of Benefits
Insurance Details
Type of Insurance Insurance Cover (in Rs) Remarks
Employee plus 3 dependants are covered under the floater
Group Mediclaim
4,00,000 policy. Additional 2 dependants can be covered for an
Insurance Policy
additional premium.
Group Term Life Only employee is covered, a part of the annual premium is
50,00,000
Insurance Policy borne by the employee
The Insurance coverage under all the above policies will be available subject to completion of all formalities in connection with
your appointment and fulfillment of requirements of the Insurance Company.
Mobile Benefit
You will be eligible for mobile reimbursement (Including Data Service) as per company policy.
Gratuity *
You will be eligible for gratuity payment as per the provisions of The Payment of Gratuity Act i.e. after rendering five years of
continuous service with the Bank or any of the group entities.
Provident Fund
The Bank will contribute an amount equivalent to the prescribed rate towards Provident Fund. An equal amount will be
deducted from your salary and paid to the Provident Fund Trust of Axis Bank Limited.

Voluntary Provident Fund (VPF)

The Bank has a voluntary provident fund scheme wherein you will be eligible to voluntarily contribute to the Provident Fund Trust,
in addition to the statutory requirement. Such contribution is eligible to earn the same rate of interest as statutory contribution.
Other Benefits

Variable Pay/ Annual Performance linked bonus pay / Annual Incentive Plan (as applicable), will be paid/given as per the
Incentive Plan (as Company’s policy, subject to your being a confirmed employee as per the current year policy. The
may be applicable) payouts will be based both on individual performance and organization’s performance.

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