Phone & Internet Reimbursement. 750. 9,000. Children Education ... *Medical can be claimed quarterly or annually to
COMPENSATION & BENEFITS STRUCTURE NAME
:
DESIGNATION
: Software Engineer
TIER
:
TRACK
: Per Month
Per Annum
Base Components (A)
15,000
180,000
Basic HRA
10,000
120,000
5,000
60,000
Basket of Allowances (B)
21,653
259,831
800
9,600
1,250
15,000
833
10,000
750 200 15,886 833
9,000 2,400 190,635 9,996
Food Reimbursement
1,100
13,200
Retirement Benefits ( C)
1,681
20,169
PF - Company's Contribution Gratuity **
1,200
14,400
481
5,769
Transport Allowance Medical Leave Travel Assistance* Phone & Internet Reimbursement Children Education Fee Special Allowance Bonus
Fixed Compensation (A + B + C) 38,333 460,000 Variable Compensation (at 100%) 3,333 40,000 Refer Annexure II for details Cost to Company ( Fixed Compensation + 41,667 500,000 Variable Compensation at 100%) Insurance Coverage: Medical Insurance Per Annum floating coverage of `200,000. Accident Insurance Coverage of `500,000 per annum. Life Insurance Coverage in the event of death due to accident or natural causes of `200,000 per annum *Medical can be claimed quarterly or annually to avail tax benefits. It can be paid monthly in case employee does not want to avail tax benefit *LTA Can be opted for monthly or annual payment without the tax benefit or can be claimed once in two years to avail tax benefits as per the Income Tax regulations of Govt. of India **Gratuity is contributed by the Company and is payable as per the Gratuity Act published by Govt. of India
