Scribd Logo
Upload

Welcome to Scribd!

  • 461 views

    Review Letter - Oct 19 - Chandan Tati

    Uploaded by

    madali sivareddy
    Chandan Tati's compensation has been revised to INR 750000 with effect from October 2019. He has been promoted to Senior Software Engineer position. His revised compensation package includes a basic salary of INR 24000, allowances such as house rent and books, and special allowance of INR 17199. His gross fixed salary is INR 60000. He will also receive variable performance pay of INR 30000 annually but continuity bonus has been removed. The total cost to the company is INR 750000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Review Letter - Oct 19 - Chandan Tati

    Uploaded by

    madali sivareddy
    461 views2 pages
    Chandan Tati's compensation has been revised to INR 750000 with effect from October 2019. He has been promoted to Senior Software Engineer position. His revised compensation package includes a basic salary of INR 24000, allowances such as house rent and books, and special allowance of INR 17199. His gross fixed salary is INR 60000. He will also receive variable performance pay of INR 30000 annually but continuity bonus has been removed. The total cost to the company is INR 750000.

    Original Title

    Review Letter_Oct 19_Chandan tati

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Chandan Tati's compensation has been revised to INR 750000 with effect from October 2019. He has been promoted to Senior Software Engineer position. His revised compensation package includes a basic salary of INR 24000, allowances such as house rent and books, and special allowance of INR 17199. His gross fixed salary is INR 60000. He will also receive variable performance pay of INR 30000 annually but continuity bonus has been removed. The total cost to the company is INR 750000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    461 views2 pages

    Review Letter - Oct 19 - Chandan Tati

    Uploaded by

    madali sivareddy
    Chandan Tati's compensation has been revised to INR 750000 with effect from October 2019. He has been promoted to Senior Software Engineer position. His revised compensation package includes a basic salary of INR 24000, allowances such as house rent and books, and special allowance of INR 17199. His gross fixed salary is INR 60000. He will also receive variable performance pay of INR 30000 annually but continuity bonus has been removed. The total cost to the company is INR 750000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 2

    30th October 2019

    To,

    Chandan Tati

    Employee Code: 1744

    Private & Confidential

    Dear Chandan Tati,

    Sub: Annual Salary Revision Letter- 2019

    We are pleased to inform you that based on your performance and contribution to the company, your
    compensation has been revised to INR 750000/- with effect from October 2019.

    Your revised and restructured compensation package for the year 19-20 is attached herewith. Other
    terms & conditions of your service currently in force will remain unchanged. Your next compensation
    review will come up in October 2020.

    Please note that all information pertaining to compensation details is confidential in nature. Any
    unauthorized disclosure of this information to other employees or external parties may be treated as
    misconduct leading to disciplinary action.

    You have been promoted to SENIOR SOFTWARE ENGINEER position with immediate effects. We hope
    you will shoulder your new responsibility with full dedication and sincerity.

    We thank you for your support and look forward to your contribution towards Embitel’s success. We
    wish you the best in your future with Embitel.

    With Best Regards,

    For Embitel Technologies India Pvt .Ltd

    Sharad Bairathi
    Managing Director
    SALARY BREAK UP
    Pre Revised Revised Salary
    Salary Structure Description Salary (Rs) (Rs)
    Basic 16000 24000
    House Rent Allowance 6400 9600
    Books & Periodicals 1500 1500
    Mobile Reimbursement 1667 1667
    LTA 1333 2000
    Special Allowance 10410 17199
    Gross Salary 37311 55966

    Retirals
    Provident Fund-Employer Contribution 1920 2880
    Gratuity(as per gratuity Act) 769 1154

    Gross Fixed Salary 40000 60000

    Annuals
    Continuity Bonus 20000 0
    Variable Performance Pay 20000 30000

    Total Cost to The Company (CTC) 520000 750000

    With Best Regards,


    For Embitel Technologies India Pvt .Ltd

    Sharad Bairathi
    Managing Director

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy