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SUB TOTAL (Fixed Cash+Retirals) TOTAL (Fixed Cash+Retirals) Benefits

Gaurav Kaushik has been offered the position of Assistant Manager with CTC Annexure. The compensation package includes a basic salary of Rs. 90,000 per month. Additional benefits include an annual basket of allowances of Rs. 1,38,603, PF contribution of Rs. 10,800, and gratuity of Rs. 4,329. The total fixed cash and retirement benefits amount to Rs. 2,43,732 per month. Additional benefits include medical insurance of Rs. 9,060 and a loan eligibility of Rs. 69,084. The total compensation is Rs. 3,21,876 per month.

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331 views2 pages

SUB TOTAL (Fixed Cash+Retirals) TOTAL (Fixed Cash+Retirals) Benefits

Gaurav Kaushik has been offered the position of Assistant Manager with CTC Annexure. The compensation package includes a basic salary of Rs. 90,000 per month. Additional benefits include an annual basket of allowances of Rs. 1,38,603, PF contribution of Rs. 10,800, and gratuity of Rs. 4,329. The total fixed cash and retirement benefits amount to Rs. 2,43,732 per month. Additional benefits include medical insurance of Rs. 9,060 and a loan eligibility of Rs. 69,084. The total compensation is Rs. 3,21,876 per month.

Uploaded by

ajay klumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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CTC Annexure

Emoluments and Benefits for the grade of Assistant Manager (for Gaurav Kaushik)

Amount
COMPENSATION
P.A. (`) P.M. (`)
Basic 90,000.00 7,500.00
Basket of Allow ance 1,38,603.00 11,550.00

Bank's PF Contribution 10,800.00 900.00

Gratuity * 4,329.00 361.00

SUB TOTAL (Fixed Cash+Retirals) 2,43,732.00 20,311.00


TOTAL (Fixed Cash+Retirals) 2,43,732.00 20,311.00
Benefits :
Group Mediclaim Policy and Group Term Life Insurance 9,060.00 755.00
Loan Benefit 69,084.00 5,757.00
TOTAL PAY (Fixed Cash + Retirals+Benefits) 3,21,876.00 26,823.00

Loan Eligibilitie s
Type of Loan & Loan Am ount
Eligibility Rate of Inte re s t M ax. Te nure Re m ark s
Purpos e of Loan (in `)
For takeover loans, the
240 EMI w hich repayment w ill be 240
Upon 4%
Hous ing Loan 20,00,000.00 includes Principal & months or the balance
Confirmation (Compound Int.)
Interest. service period (in months)
left, w hichever is less.
For takeover loans, the
repayment w ill be the
residual period of the
84 instalments
Ve hicle Loan Upon 6% original sanction term, or
2,00,000.00 tow ards Principal &
Confirmation (Simple Int.) 120 months, w hichever is
36 tow ards Interest.
less, w ith Principal and
Interest instalments in the
ratio of 7:3.
Note :The m one tary value of the above Loan be ne fits approxim ate s to Rs .100000. Loan be ne fits cannot be e ncas he d if not
availe d.
Insurance Details
Type of Insurance Insurance Cover Remarks
(in `)
For all the plans ,the coverage w ill be applicable for all employees upon joining the service
of the bank.
Group Mediclaim Bas e Policy: Employee plus 3 dependents (excluding parents) are covered under the
3,00,000.00 Bank Floater Policy.
Insurance Policy
Top Up Policy: In addition, the Bank also offers a Top Up Policy ranging from coverage of
Rs. 3 Lakhs to Rs 40 Lakhs, w hich an employee can opt for and pay the premium
accordingly. Top up Policy w ill be applicable only for the dependents covered under the
Base Policy.
Pare nts Policy: The Bank provides Parent Policy ranging from Rs. 1 lakh to Rs. 20 lakhs
w herein employee has an option to cover upto 4 dependents under Parents and / or
Parent-in-Law s policy by paying the premium.

Group Term Life


25,00,000.00
Insurance Policy
Only employee is covered (You w ill be required to contribute an annual premium as
prescribed by Insurance Co. from time to time)

The Insurance coverage under all the above policies w ill be available subject to completion of all formalities in connection w ith your
appointment and fulfillment of requirements of the Insurance Company.

Note: The terms & conditions of the mediclaim policy is valid only till expiry of the insurance policy and are subject to amendments upon
renew al

Othe r Be ne fits
Pe rform ance Bonus
/ Annual Ince ntive Performance linked bonus pay / Annual Incentive Plan (as may be applicable), w ill be paid as per the Company’s
Plan (as m ay be policy, subject to your being a confirmed employee.
applicable )
** Gratuity w ill be paid as per the Payment of Gratuity Act.

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