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 Rs. 5,750.00 B. HRA Rs. 2,875.00 C. Transport Allowance Rs. 800.00 D. Special Allowance Rs. 847.00 E. EPF @ 12% of basic pay Rs. 690.00 F. Employer’s Contribution* to Employees’ Benevolent Rs. 1,438.00 & Sincerity Fund (@ 25 % of Basic Pay) Gross salary Rs. 12,400.00 p.m. 2. Emoluments on Confirmation : A. Basic Pay Rs. 5,750.00 HRA Rs. 2,875.00 Transport Allowance Rs. 800.00 Total Rs. 9,425.00 p.m. ..a B. Expenses reimbursement Medical Rs. 500.00 p.m. ..b C. Business Expenses Reimbursement (maximum upto) Food & Beverages Rs. 1,350.00 Business Attire Rs. - Books Periodicals Rs. - Car Maintenance Rs. - Total Rs. 1,350.00 p.m. ..c Total receivable per month (a + b + c) Rs. 11,275.00 p.m. ..d 3. Other Benefits A. LTA Rs. 4,400.00 p.a. ..e B. EPF @ 12 % of basic pay Rs. 690.00 p.m. ..f C. Employer’s Contribution* to Employees’ Rs. 1725.00 p.m. ..g Benevolent & Sincerity Fund (@ 25 % of Basic Pay) Gross Salary p.a. ((d x 12) + e + (f x 12) + (g x 12)) Rs. 1,68,680.00 p.a. ..h 4. Additional Benefits (Conditional)* as applicable A. Telephone Rs. - p.m. Rs. 0.00 p.a. ...i B. Child Edu. Allw. @ 10 % of Basic Rs. 575 p.m. Rs. 6,900.00 p.a. ...j C. Lease Rent @10 % of Basic Pay Rs. 575 p.m. Rs. 6,900.00 p.a. ...k D. Gratuity* Rs. 3,317.00 p.a. ...l E. Encashment of unavailed leave maximum upto 20 days Earned Leave Rs. 8,108.00 p.a. …m F. Encashment of unavailed leave maximum upto 12 Casual Leave/2 Restricted Rs. 5,262.00 p.a. ...n Holidays Net Annual Cost To Company For The Employee (h + i + j + k + l + m + n) Rs. 1,99,167.00 p.a.

Offer Letter FIITJEE

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2. Emoluments on Confirmation :A. Basic PayRs.5,750.00HRARs.2,875.00Transport AllowanceRs. 800.00TotalRs.9,425.00 p.m...aB. Expenses reimbursementMedicalRs. 500.00 p.m...bC. Business Expenses Reimbursement (maximum upto)Food & BeveragesRs.1,350.00Business AttireRs.-Books PeriodicalsRs.-Car MaintenanceRs.-TotalRs.1,350.00 p.m...c

Total receivable per month (a + b + c)Rs.11,275.00 p.m...d

3. Other BenefitsA. LTARs.4,400.00 p.a...eB. EPF @ 12 % of basic payRs. 690.00 p.m...fC. Employers Contribution* to EmployeesRs.1725.00 p.m...gBenevolent & Sincerity Fund (@ 25 % of Basic Pay)

Gross Salary p.a. ((d x 12) + e + (f x 12) + (g x 12))Rs.1,68,680.00 p.a...h

4. Additional Benefits (Conditional)* as applicableA. TelephoneRs.- p.m.Rs. 0.00 p.a....iB. Child Edu. Allw. @ 10 % of BasicRs. 575 p.m.Rs.6,900.00 p.a....jC. Lease Rent @10 % of Basic PayRs. 575 p.m.Rs.6,900.00 p.a....kD. Gratuity*Rs.3,317.00 p.a....lE. Encashment of unavailed leave maximum upto 20 days Earned LeaveRs.8,108.00 p.a.mF. Encashment of unavailed leave maximum upto 12 Casual Leave/2 RestrictedRs.5,262.00 p.a....nHolidaysNet Annual Cost To Company For The Employee (h + i + j + k + l + m + n)Rs.1,99,167.00 p.a.

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

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