Offer Letter Fiitjee 2l5m50

CALCULATION OF SALARY Name : E V Sai Chaitanya Scale : 3500-250-6000 Designation : Assistant Professor Department : Mathematics Location : Bhilai Centre 1. Emoluments During Probation period of three months A. Basic Pay B. HRA C. Transport Allowance D. Special Allowance E. EPF @ 12% of basic pay F. Employer’s Contribution* to Employees’ Benevolent & Sincerity Fund (@ 25 % of Basic Pay) Gross salary 2. Emoluments on Confirmation : A. Basic Pay HRA Transport Allowance Total B. Expenses reimbursement Medical C. Business Expenses Reimbursement (maximum upto) Food & Beverages Business Attire Books Periodicals Car Maintenance Total

Rs. Rs. Rs. Rs. Rs. Rs.

5,750.00 2,875.00 800.00 847.00 690.00 1,438.00

Rs.

12,400.00 p.m.

Rs. Rs. Rs. Rs.

5,750.00 2,875.00 800.00 9,425.00 p.m.

..a

Rs.

500.00 p.m.

..b

Rs. Rs. Rs. Rs. Rs.

1,350.00 1,350.00 p.m.

..c

Rs.

11,275.00 p.m.

..d

3. Other Benefits A. LTA B. EPF @ 12 % of basic pay C. Employer’s Contribution* to Employees’ Benevolent & Sincerity Fund (@ 25 % of Basic Pay)

Rs. Rs. Rs.

4,400.00 p.a. 690.00 p.m. 1725.00 p.m.

..e ..f ..g

Gross Salary p.a. ((d x 12) + e + (f x 12) + (g x 12))

Rs.

1,68,680.00 p.a. ..h

Rs. Rs. Rs. Rs. Rs. Rs.

0.00 p.a. 6,900.00 p.a. 6,900.00 p.a. 3,317.00 p.a. 8,108.00 p.a. 5,262.00 p.a.

Rs.

1,99,167.00 p.a.

Total receivable per month (a + b + c)

4. Additional Benefits (Conditional)* as applicable A. Telephone Rs. - p.m. B. Child Edu. Allw. @ 10 % of Basic Rs. 575 p.m. C. Lease Rent @10 % of Basic Pay Rs. 575 p.m. D. Gratuity* E. Encashment of unavailed leave maximum upto 20 days Earned Leave F. Encashment of unavailed leave maximum upto 12 Casual Leave/2 Restricted Holidays Net Annual Cost To Company For The Employee (h + i + j + k + l + m + n) Note:

1. In addition Accident Insurance and Mediclaim benefits shall be as per the policy of the company 2. Gratuity becomes payable once an employee completes five years of service and paid as follows – [((Monthly basic salary (at the time of leaving) /26 x 15) x no. of years of searvice]. Final sum of Gratuity shall be payable as per the payment of Gratuity Act. 1972. * as per rules

(Authorised Signature)

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