CTC Statement w.e.f 01.04.

2010

Name Vikram Verma , 4505

Designation Executive

Department Operations Location RANCHI 2

Annual Cost to Company 185,500.00 Grade & Level M8L2

Salary Component Amt Per Month (Rs) Amt Per Annum Remarks
(Rs)
Basic Salary 6,183.33 74,199.96 40% of Fixed Compensation
House Rent Allowance 3,091.67 37,100.04 50% of Basic Salary
Conveyance 800.00 9,600.00
Special Allowance 2,036.42 24,437.04
Total Monthly Salary 12,111.00 145,337.00
(A)
Reimbursements
LTA 257.64 3,091.68 LTA reimbursement will be one month"s Basic Salary pay once
in a block period of two years and subject to production of
valid receipts.
Telephone 800.00 9,600.00 Telephone reimbursement will be on subject to production of
valid receipts
Medical 1,250.00 15,000.00 Medical reimbursement will be on subject to production of
valid receipts
Total Reimbursement (B) 2,308.00 27,692.00
Retiral Benefits

PF 742.00 8,904.00 Company"s contribution to PF @ 12% of Basic Salary

Gratuity 297.28 3,567.36 You will be entitled to gratuity as per the Payment of
Gratuity Act, 1972 after completion of five years of
service with the Company.
Total Retiral (C) 1,039.00 12,471.00
Fixed Compensation (D) = 15,458.00 185,500.00
(A+B+C)
Performance Linked Variable Pay 46,000.00
AS Per Company Policy up to
Potential Annual Remuneration on a Cost to 231,500.00
Company basis (CTC)
In addition, you are entitled for the following:
- Mediclaim Coverage for spouse, up to two children and dependent parents up to ceiling of Rs.2 lakh (In case of
Maternity Coverage the claim is covered up to Rs 50,000/-) Group Life Insurance coverage of Rs 15 lakh.
* Frontline Sales Staff in Retail Agency Channel in UM to Sr. DSM grade will be entitled for performance
based Sales incentive as per the Company Policy.
** All others in grade M9 and above, who are not covered under Sales incentive policy will be entitled for
Performance based Variable Pay Plan as per the Company Policy.

Kindly note that Remuneration is a contract between you and the company and should be treated as strictly confidential.