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COST TO COMPANY(CTC) FOR Mr Bhanu Kumar A
Email: [email protected]
Band: E1
Designation: SOFTWARE ENGINEER
Issued Date:Tuesday, May 04, 2010
Monthly Components (In Rs.)
Basic Salary 6200
House Rent Allowance/Company Leased Accomodation 3100
Conveyance Allowance 800
Lifestyle Allowance 5117
Holiday Allowance$ 516
Advance Statutory Bonus 700
City Compensatory Allowance### 3000
Deployment Allowance/ Performance Incentive 2750
TOTAL: Monthly (A) 22183
TOTAL: Monthly : Annualised (B) 266196
Annual Components (In Rs.)
Provident Fund 8928
Social Security & Health Benefits±± 9300
Gratuity 3577
TOTAL: Annual : (C) 21805
Variable Components(In Rs.)
Performance Bonus @ 100% achievement levels+ 12000
TOTAL: Variable Components : (D) 12000
Cost to Company (B) + (C) + (D) 300001
$ INSURANCE & MEDICAL BENEFITS (in Rs.) MAX SUB-LIMITS (per annum)
Domiciliary expenses reimbursement limit 6200
Hospitalization cost reimbursement limit 186000
Term life Insurance Cover 1500000
Disability cover due to accident (upto) 1500000
±± The premium shown is at default as per the Company Medical Scheme Policy. This will depend on the extent of coverage that you would opt for as per the policy. Based on your
selection of dependents towards the coverage, following will be the treatment: 1. If the premium% is less than default, the difference will be paid out along with your Management
/ Lifestyle Allowance 2. Premium% can be more than default based on number of members you would like to include in the coverage. The details for selection of dependents for
coverage will be available to you at the time of your joining.
+ 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.
$ Holiday Allowance can be converted into LTA. Please refer guidelines and contact the respective HR Representative.
### Your CCA amount will be subject to your working location - City / Zone classification as per the CCA Policy. CCA component will subject to change if there is a change in your
band or working location (City)
Relocation expenses will be applicable as per Relocation Expenses for New Employees Policy on NATASHA which will be recovered if you leave HCL before 12 months of your joining.
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
All personal tax liability arising out of compensation and joining expense (if any) will be borne solely by the employee.