Mr. Arijit Das Choudhury, a Project Engineer at MVS Engineering Ltd, received a salary increment letter informing him that his salary has been increased by Rs. 3000 per month. His new monthly salary is Rs. 31,000. An annexure provides the breakdown of his revised compensation package, which includes an annual bonus, incentives, medical expenses, and phone allowance, totaling an annual CTC (cost to company) of Rs. 4,32,788. He also receives life insurance, accident coverage, and other allowances according to company rules.
Mr. Arijit Das Choudhury, a Project Engineer at MVS Engineering Ltd, received a salary increment letter informing him that his salary has been increased by Rs. 3000 per month. His new monthly salary is Rs. 31,000. An annexure provides the breakdown of his revised compensation package, which includes an annual bonus, incentives, medical expenses, and phone allowance, totaling an annual CTC (cost to company) of Rs. 4,32,788. He also receives life insurance, accident coverage, and other allowances according to company rules.
Mr. Arijit Das Choudhury, a Project Engineer at MVS Engineering Ltd, received a salary increment letter informing him that his salary has been increased by Rs. 3000 per month. His new monthly salary is Rs. 31,000. An annexure provides the breakdown of his revised compensation package, which includes an annual bonus, incentives, medical expenses, and phone allowance, totaling an annual CTC (cost to company) of Rs. 4,32,788. He also receives life insurance, accident coverage, and other allowances according to company rules.
Mr. Arijit Das Choudhury, a Project Engineer at MVS Engineering Ltd, received a salary increment letter informing him that his salary has been increased by Rs. 3000 per month. His new monthly salary is Rs. 31,000. An annexure provides the breakdown of his revised compensation package, which includes an annual bonus, incentives, medical expenses, and phone allowance, totaling an annual CTC (cost to company) of Rs. 4,32,788. He also receives life insurance, accident coverage, and other allowances according to company rules.
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Date-10/01/2014
To, Name : Mr. Arijit Das Choudhury Designation : Project Engineer Department : Project. Location : New Delhi
Subject: Annual Salary Increment Letter .
Dear Mr. Arijit Das Choudhury,
Keeping in view of your performance as Project Engineer for MVS ENGINEERING LTD, the management has decided to give you an increment of Rs.3000/- with effect from March 2014.
Now your salary is Rs. 31,000/- per month.
Details of salary break-up is mentioned in the annexure-I provided with this letter.
Best Of Luck.
For, MVS ENGINEERING LTD.
H.R. (Authorized Signatory)
ANNEXTURE I REVISED RENUMATION WITH EFFECT FROM MARCH 2014
DATE : 10/01/2014 NAME : ARIJIT DAS CHOUDHURY DESIGNATION : PROJECT ENGINEER DEPARTMENT : PROJECT LOCATION : NEW DELHI
PM PA BASIC 12,400 1,48,800 HOUSE RENT ALLOWANCE 8,137 97,644 CONVEYANCE 5,231 62,772 OTHER ALLOWANCE 5,231 62,772 TOTAL 30,999 3,71,988 EPF* 1,224 14,688 GROSS A 29,775 3,57,300
YEARLY BONUS 12,400 YEARLY INCENTIVE** 12,400 YEARLY MEDICAL EXPENSES 12,000 YEARLY MOBILE PHONE EXPENSES 24,000 GROSS B 60,800
TOTAL CTC (A+B) 4,32,788 *The amount shown is the employer share of PF will be deducted from employee monthly total salary. **This amount is variable and is paid on the basis of individual and companys performance for the year. . ADDITIONAL BENEFITS : a) Life Insurance and Accident Coverage. b) Other allowances are as per company rules.
For, MVS ENGINEERING LTD
H.R. (Employee Name and Signature.) (Authorized Signatory)
