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    Revised Annexure

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    Mohsin Shaikh
    This document contains details of Mohsin Shaikh's salary and compensation package at Syntel Private Limited. It outlines his current and revised basic pay, allowances including HRA, special allowance and bonuses. It also provides information on the company's contribution to PF and the total cost to the company. Additional benefits that are part of the CTC like group medical insurance and group personal accident cover are also described along with notes on PF, gratuity and optional additional benefits.

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    Revised Annexure

    Uploaded by

    Mohsin Shaikh
    894 views2 pages
    This document contains details of Mohsin Shaikh's salary and compensation package at Syntel Private Limited. It outlines his current and revised basic pay, allowances including HRA, special allowance and bonuses. It also provides information on the company's contribution to PF and the total cost to the company. Additional benefits that are part of the CTC like group medical insurance and group personal accident cover are also described along with notes on PF, gratuity and optional additional benefits.

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    Revised annexure

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    Revised Annexure (1)

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    This document contains details of Mohsin Shaikh's salary and compensation package at Syntel Private Limited. It outlines his current and revised basic pay, allowances including HRA, special allowance and bonuses. It also provides information on the company's contribution to PF and the total cost to the company. Additional benefits that are part of the CTC like group medical insurance and group personal accident cover are also described along with notes on PF, gratuity and optional additional benefits.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    894 views2 pages

    Revised Annexure

    Uploaded by

    Mohsin Shaikh
    This document contains details of Mohsin Shaikh's salary and compensation package at Syntel Private Limited. It outlines his current and revised basic pay, allowances including HRA, special allowance and bonuses. It also provides information on the company's contribution to PF and the total cost to the company. Additional benefits that are part of the CTC like group medical insurance and group personal accident cover are also described along with notes on PF, gratuity and optional additional benefits.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Syntel Private Limited,

    Unit 112, SDF IV,


    SEEPZ, Andheri East,
    Mumbai 400096. India
    Tel: 91 22 40470100
    CIN NO. U72200MH1992PTC066730
    www.atos-syntel.net

    STEP Review 2017 - 18 Annexure - Salary Distribution

    Ref No: 5043539_PL1718_218991 Date: December 27, 2018


    Name : Mohsin Shaikh
    Employee ID : 5043539
    Band & Grade : AC - AC2
    Designation : Associate Consultant

    All figures are in INR Current Revised

    Pay and Allowances

    1. Basic Pay 108,400 120,400

    2. HRA 54,200 60,200


    3. Special Allowance 33,960 44,760
    4. Tier City Allowance 10,840 12,040
    5. Transport Allowance 19,200 19,200
    6. Medical Allowance 15,000 15,000
    7. Meal Allowance 18,000 18,000
    8. Bonus 24,000 24,000
    A. Sub–Total A. (A = 1 + 2 + 3 + 4 + 5 + 6 + 7+8) 283,600 313,600
    Reimbursements & Other Benefits
    9. Leave Travel Allowance 4,800 4,800
    B. Sub–Total B. (B = 9) 4,800 4,800

    C. Total Fixed Compensation C. (C = A + B) 288,400 318,400


    D. Company's Contribution to PF 21,600 21,600
    E. Skill Allowance N/A N/A
    F. Total Cost to Company (F = C + D) 310,000 340,000

    Sujay Puthran
    Head – Human Resources & Administration

    The contents of this document are company privileged, and strictly confidential.
    Syntel Private Limited,
    Unit 112, SDF IV,
    SEEPZ, Andheri East,
    Mumbai 400096. India
    Tel: 91 22 40470100
    CIN NO. U72200MH1992PTC066730
    www.atos-syntel.net

    In addition to the salary indicated above, your CTC includes other benefits as applicable to your grade:

    1. Group Medical Insurance


    You, your spouse and up to 2 dependent children are covered for maximum amount of INR 3,00,000 under the Group
    Medical Insurance Policy.

    2. Group Personal Accident Cover


    You are covered for maximum amount of INR 10,00,000 under the Group Personal Accident cover. Please note that
    Spouse, dependent children and parents (dependent or otherwise) are not covered under this policy.

    Notes:

    1. Provident Fund and Gratuity.


    a. Provident Fund – Under Employee Provident Fund, You contribute 12% of Rs. 15,000/- or (Basic Pay +
    Special Allowance + Bonus + Meal Allowance + Medical Allowance + Tier city allowance), whichever is
    lower.
    b. Gratuity – You are eligible for Gratuity on termination of the employment after having rendered continuous
    service for not less than 4 years and 240 days as per "The Payment of Gratuity Act, 1972". Gratuity
    payable to you is (Last drawn basic wages * 15 days * No. of years of service)/26.
    2. All payments would be as per company's rules, regulations and administrative procedures in force.
    3. Any of the above allowance/s may be altered / withdrawn at the sole discretion of the management and the payment
    of allowances shall be governed by the rules and regulations of the company as may be applicable from time to time.
    4. Optional Benefits: You may opt for additional benefits which will be a payroll deduction from your salary and these
    include
    a. Voluntary Provident Fund – Option to contribute more towards Employee Provident Fund.
    b. Voluntary Top-up Medical Insurance Policy – Option to supplement the coverage provided by Group
    Medical Insurance.
    c. Voluntary Parental Insurance – Option to cover parents and parents-in-law
    5. All payments are subject to appropriate taxation.

    Sujay Puthran
    Head – Human Resources & Administration

    The contents of this document are company privileged, and strictly confidential.

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