CALCULATION OF SALARYName :E V Sai ChaitanyaScale
:3500-250-6000Designation :Assistant ProfessorDepartment
:MathematicsLocation :Bhilai Centre 1. Emoluments During Probation
period of three monthsA. Basic PayRs.5,750.00B. HRARs.2,875.00C.
Transport AllowanceRs. 800.00D. Special AllowanceRs. 847.00E. EPF @
12% of basic payRs. 690.00F. Employers Contribution* to Employees
BenevolentRs.1,438.00& Sincerity Fund (@ 25 % of Basic
Pay)Gross salaryRs.12,400.00 p.m.
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
(Authorised Signature)
