8/3/2019 CTC-Mr_Pratap_Kumar_Mishra
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Annexure - B
Mr. Pratap Kumar Msihra
Company/Business/Unit :
Department :
Designation :
Reporting to : DH (O&M)
Location :
Qualification : B.Tech (Power Engg)'2009
Date of Birth : 22.10.1987
Total Experience : 2.1 Yrs
Next Revision due on : :
Compensation effective from :
Proposed
Amount INRAnnual Remarks
Salary 140,000Basic Salary 140,000 This is paid on a monthly
basis. Retirement benefits are related to it 11667
llowance / Reimbursements 146,957
Medical 11,667
This covers domiciliary expenses incurred on medical conditions
such as
illness etc. These cover those expenses for which one does not
have get
admitted to a hospital. These are to be claimed against medical
bills
obtained from the Chemist etc.
Leave Travel Allowance 11,667
This covers reimbursement for travel on leave within india. It
is
governed by the IT Act where one can claim tax exemptions twice
in a
block of four ears.
Special Allowance 123,623This is paid a monthly basis. This does
not have any link to retirement
benefits or any other element of compensation10302
Guaranteed Cash 286,957
Retirement Benefits 44,534
Provident fund (12% of Basic) 16,800
The employer contributes to the extent of 12% of basic salary.
This
amount is deposited with the PF Trust of the Company. Similar
amount is
deducted from employee's basic salary as his contribution.
Superannuation (15% of Basic) 21,000The employer contributes to
the extent of 15% of basic salary. This
amount can be cashed out.
Gratuaity (15 days Basic) 6,734The employer will contribute to
the extent of 15 days basic on
completion of five years of the employee. This is governed by
the
Conveyances 9,600
Conveyance Allowance 9600This amount is paid as part of monthly
salary. This is not against any
claims.Fixed Compensation w/o housing 341,091
Housing 42,000
HRA/ Housing 42,000At Singrauli it is 30% of Basic Salary
subject to maximum of Rs 78000/-
p.a. Incase of company's accommodation the HRA will be
discontinued.
Fixed Compensation 383,091
Variable Pay 34,109
Performance Incentive Plan 34,109
This is a performance linked pay plan as applicable to all
Managerial
Executive at Hindalco. This amount is the target pay on
achievement
100% of the target set. The amount indicated here is for a
performance
period of 12 months, April-March. This actual payout will vary
due to
performance level and period worked in the performance period.
This is
Project Allowance 82,800
Project Special Pay 82,800
Project special pay will be payable every six month ( December
& June)
at this rate for your JB if you stay at Bargwan otherwise Rs.
69000/- p.a.
will be aid.Cost to Company 500,000
Benefits / Perks not valued
Mobile Phone YesCost of Handset to be borne by the employee,
rentals and official calls
will be reimbursed as er com an 's olic .
Accident Insurance Yes Coverage of 48 months Basic + Special
AllowanceHospitalisation Insurance Yes Sum Insured Rs. 2 Lacs for
coverage of max. 6 members
The above compensation and Benefits are subject to Taxes as
applicable, to be borne by the incumbent, as per prevalling tax
laws.
Other terms & conditions of the Offer
1. Probation Period will be of 6 months w.e.f. date of
joining.
2. Confirmation after successful completion of probation
period.
3. This offer is subject to you are being found fit in the
pre-employment medical test.
4. Notice Period: Three months from either side or three months
compensation (Basic+ Special Allowance).
5. Next Compensation Revision in July 2012 based on Annual
Performance review and date of joining
6. Retirement Age: 58 years
7. 100% Compliance of Co's rules, regulations and Code of
Conduct & Group Values.
8. Your CTC shall remain fixed till next revision. However, the
components in the offer sheet may be altered without change in the
CTC.
9. Please send your acceptance to the offer by 31st Aug 2011.
You are requested to join us latest by 25th Sep 2011.
PS: The terms and conditions of employment would be communicated
to you in formal manner through Appointment Letter
which will be issued to you at the time of joining.
Date of Joining
Mahan Aluminium Project
Mechanical
Engineer (Mechanical) in indicative JB 11
Singrauli, Madhya Pradesh
1st July 2012
