Scribd
Upload
94 views1 page

MVSL0659

Sagar R is employed as an Implementation Specialist in the Professional Services Organization division of Symphony department at Maxval IP Services Private Limited. His total annual CTC is Rs. 750,000 which includes a basic salary of Rs. 356,808, allowances of Rs. 142,728 and Rs. 214,068, and a variable bonus of Rs. 10,000 subject to performance. He will receive a group medical insurance coverage of Rs. 500,000 for self and family along with the compensation package.

Uploaded by

sagar rj (saagi)
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
94 views1 page

MVSL0659

Sagar R is employed as an Implementation Specialist in the Professional Services Organization division of Symphony department at Maxval IP Services Private Limited. His total annual CTC is Rs. 750,000 which includes a basic salary of Rs. 356,808, allowances of Rs. 142,728 and Rs. 214,068, and a variable bonus of Rs. 10,000 subject to performance. He will receive a group medical insurance coverage of Rs. 500,000 for self and family along with the compensation package.

Uploaded by

sagar rj (saagi)
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
You are on page 1/ 1

SALARY ANNEXURE 1

Name : SAGAR R
Employee Number : MVSL0659
Designation : IMPLEMENTATION SPECIALIST
Department : SYMPHONY
Division : PROFESSIONAL SERVICES ORGANIZATION
With effect from : 01‐April‐2022
[Rupees]
S.No. SALARY COMPONENTS MONTHLY ANNUAL
1 Basic salary 29,734 356,808
2 House Rent Allowance 11,894 142,728
3 Flexible Benefit Plan 17,839 214,068
4 Gross [A] 59,467 713,604
5 Employer Provident Fund @13% 1,950 23,400
6 Employees State Insurance (ESI)
7 CTC [B] 61,417 737,004
8 Variable Bonus @ [C] 10,000
9 Retention (D) 0
10 Medical Insurance Premium (E) 3,000
11 Others [F] ‐4
12 Total CTC [G]=[B+C+D+E+F] 61,417 750,000
13 Less: Employee PF @12% [H] 1,800 21,600
14 Less Employee ESI [I]
15 Less Employee PT [J] 211 2,532
16 Take Home K=[A-H-I-J] add [C,D,E,F] for Annual 57,456 702,468

@ Performance criteria would apply and will not be paid if performance rating is “needs improvement”
Additional benefits:
Group Mediclaim Insurance coverage of Rs.500,000 /- for self & family.
Note: Salary information is confidential and not to be discussed with anyone else in the company
other than HR. Tax liability will be borne solely by the employee. The above compensation structure
is subject to change without affecting emoluments adversely.

For MAXVAL IP SERVICES PRIVATE LIMITED

UMESH KAMATH
VICE PRESIDENT – HUMAN RESOURCES

th
Regd. Office: Maxval IP Services Pvt. Ltd, Tower C, 4 Floor, India Land Tech Park Private Limited, KGISL SEZ, Keeranatham Main Road, Saravanampatti,
Coimbatore, Tamil Nadu 641035, India. CIN: U74990TZ2010PTC016556, GSTIN: 33AAECM4003G1Z2 | Contact : +91 (422) 496 0037 / 0038 / 0039

www.maxval.com | mailto:[email protected]

You might also like