7/29/2019 Sunil Kumar Maji

1/2

S.No. Particulars P.M. P.A. Notes

1

(a) Basic 17,600 211200Fixed @ 33% of Guaranteed Pay (GP),

(Employee will have the option to fix between 33% - 40%)

(b)

(i) House Rent Allowance @ 40 % / 50%* of basic 7040 84480

(ii) Conveyance Allowance 800 9600

(iii) Special Allowance 20619 247424

(iv) Leave Fare Concession 1467 17600 Refer item I of Annexure

SUB TOTAL (1) 47525 570304

2 RETIRALS / TERMINAL BENEFITS

(a) Provident Fund @ 12 % of basic 2112 25344Employer's Contribution. Matching contribution will be

deducted from Employee.

(b) Superannuation @ 15 % of basic 2640 31680 Refer item II of Annexure

(c) Gratuity @ 4.81 % of basic 847 10159 As per Gratuity Act / As per Company Scheme

(d) Accident Insurance + Health Insurance Scheme @ 1.19 % of basic 209 2513 Refer item III of Annexure

SUB TOTAL (2) 5808 69696

GUARANTEED PAY = TOTAL (1+2) 53333 640000

3 OTHER BENEFITS

(a) Site Allowance 3000 36000 Grade Allowance

(b) Additional Site Allowance 5333 64000 Payable @ 10% on Guaranteed Pay for Site Postings TTH

(c) Children Education allowance 0 0 Refer item IV of Annexure 52

(e) Performance Linked Reward 13333 160000 Refer item V of Annexure

SUB TOTAL (3) 21,667 260,000

COST TO COMPANY (1+2+3) 75000 900000

I

ANNEXURE

Leave Fare Concession :

COMPENSATION & BENEFITS PLAN

1. Name : Mr. Sunil Kumar Maji

2. Designation : Superintendent (Survey)

3. Nature of appointment : Permanent (Probation one year)

4. Grade : M - 1

5. Location : Site

SALARY & ALLOWANCES

Flexi Salary

Upon joining, Employee will have the option to plan his/her

flexi salary for availing tax benefits, as relevent.

7/29/2019 Sunil Kumar Maji

2/2

II

III

IV

V

VI

VII

Free family accomodation as per Company's rules.

Leave :

Casual Leave - 7 days p.a ( credited @ 3.5 days in January & July)

Medical Leave - 10 days p.a

Privilege leave - 30 days p.a (office postings) / 41 days p.a (site postings)All Leaves are credited on Ist January every year proportionately for the service rendered in the previous year

I hereby declare that I have been explained in detail of compensation and benfits offered and further declare that all my queries have been also addressed /

clarified to my satisfaction and I will not raise any issues subsequently or upon my joining. I hereby accept this Offer.

Name & Signature of Candidate :

Name & Signature of the Recruiting Officer :

Coverage under Health Insurance Scheme (HIS) & Co's Extended Medical Scheme for self & family(including dependent parents upto 85 years)

(a) Annual ceiling Rs.1,22,000/-p.a (Rs 22000/- for Out Pateint Treatment & Rs1,00,000/- for In Pateint Treatment)

(b) Management discretionary payment for treatments for chronic ailments / ailments uncovered under HIS

(c) Unsettled amount beyond the HIS limit (Rs 1 lac) for Hospitalisation/ Surgery, reimbursed upto 90%.

(d) Coverage under Group Personal Accident Insurance policy for self (coverage upto 60 times basic pay min. 2 lacs)

Children Education Allowance

INR 1000/- per child p.m.for Boarding School and INR 500/- per child for day scholars subject to maximum of 2 children between the age group of 3-25 years.

Bonafide/Birth Certificate and Fee receipt required for the first claim..

Performance Linked Reward / Variable Pay

Annual payment based on Individual performance & SBU / SSD Performance. Payable subject to being on the rolls as on 31st December of Finacial Year

(and 31st March for exiting Employees). Employee's Individual Performance need to meet the minimum performance for eligibility. The figure mentioned in

the Compensation offer sheet is indicative on an assumed performance Rating ofA+ in the previous year. It is to be understood that the actual payment is

dependent on the Performance parameters mentioned above.

Perks for Construction Site Personnel :

Payable after completion of one year. Employees can choose upto 2 months basic as Leave Fare Concession per annum. This amount is taxable. However,

exemption can be claimed for 2 years in a block of 4 years.

Superannuation :

As per Company's rules

Medical Benefits :