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    Annual Performance Review - 2015-16: (Subject To IT Deduction)

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    Vaibhavi Amit Shah
    Mr. Amit Bharat Shah's annual performance review for 2015-2016 resulted in a revised compensation package effective April 1, 2016. His new monthly salary includes a basic salary of Rs. 12,667, HRA of Rs. 6,333, transport allowance of Rs. 1,600, medical allowance of Rs. 1,250, LTA of Rs. 400, and special allowance of Rs. 6,441. He will also receive health coverage of Rs. 400, a 12% company contribution to his provident fund of Rs. 1,520, and an annual bonus of one month's basic salary. His gross monthly salary is Rs. 28,691 with a net salary of Rs. 26,

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    Annual Performance Review - 2015-16: (Subject To IT Deduction)

    Uploaded by

    Vaibhavi Amit Shah
    197 views1 page
    Mr. Amit Bharat Shah's annual performance review for 2015-2016 resulted in a revised compensation package effective April 1, 2016. His new monthly salary includes a basic salary of Rs. 12,667, HRA of Rs. 6,333, transport allowance of Rs. 1,600, medical allowance of Rs. 1,250, LTA of Rs. 400, and special allowance of Rs. 6,441. He will also receive health coverage of Rs. 400, a 12% company contribution to his provident fund of Rs. 1,520, and an annual bonus of one month's basic salary. His gross monthly salary is Rs. 28,691 with a net salary of Rs. 26,

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    increment letter format

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    Increment LETTER

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    Mr. Amit Bharat Shah's annual performance review for 2015-2016 resulted in a revised compensation package effective April 1, 2016. His new monthly salary includes a basic salary of Rs. 12,667, HRA of Rs. 6,333, transport allowance of Rs. 1,600, medical allowance of Rs. 1,250, LTA of Rs. 400, and special allowance of Rs. 6,441. He will also receive health coverage of Rs. 400, a 12% company contribution to his provident fund of Rs. 1,520, and an annual bonus of one month's basic salary. His gross monthly salary is Rs. 28,691 with a net salary of Rs. 26,

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    Download as docx, pdf, or txt
    197 views1 page

    Annual Performance Review - 2015-16: (Subject To IT Deduction)

    Uploaded by

    Vaibhavi Amit Shah
    Mr. Amit Bharat Shah's annual performance review for 2015-2016 resulted in a revised compensation package effective April 1, 2016. His new monthly salary includes a basic salary of Rs. 12,667, HRA of Rs. 6,333, transport allowance of Rs. 1,600, medical allowance of Rs. 1,250, LTA of Rs. 400, and special allowance of Rs. 6,441. He will also receive health coverage of Rs. 400, a 12% company contribution to his provident fund of Rs. 1,520, and an annual bonus of one month's basic salary. His gross monthly salary is Rs. 28,691 with a net salary of Rs. 26,

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 1

    Ref: SCPL/HR/00001041

    May 6, 2016

    Name: Mr. AMIT BHARAT SHAH Grade: S

    Design.: TEAM LEADER Branch: Mahape

    Emp. Code: 00001041 Department: EXPORT

    Annual Performance Review 2015-16

    Dear Amit,

    Based on evaluation of your Performance for the year 2015-16 and Potential, demonstrated by
    your learning capacity, skills and desired attitude, Management is pleased to revise your
    compensation, w.e.f., 1st April 2016 as below:

    Salary Components Rs. Per Month Rs. Per Annum Remarks


    Basic 12,667.00 1,52,000.00 40% of Fixed Pay
    H.R.A. 6,333.00 76,000.00 50% of Basic
    Transport Allow 1,600.00 19,200.00
    MEDICAL 1,250.00 15,000.00
    L.T.A. 400.00 4,800.00
    Special Allow 6,441.00 77,293.00
    Health Coverage 400.00 4800.00
    Prov. Fund Companys 1,520.00 18,240.00 12% of Basic Salary
    Contribution
    Bonus 12,667.00 One months Basic Salary

    3,80,000.00
    Performance Pay ** 7,600.00 *Nominal Value- computed @
    2% of Total Fixed Pay. Actuals
    may be more or less depending
    upon the performance of the
    business (ranges from 0-5%)
    Cost To Company 3,87,600.00
    Gross: Rs. 28,691.00
    Less: Prov. Fund Deduction Rs. 1,520.00
    Prof Tax : Rs. 200.00
    Net: Rs. 26,971.00 (Subject to IT deduction)
    All other terms and conditions of your existing employment and compensation shall continue to be in
    force and effect.

    Total confidentiality of your compensation package is important. Disclosure of the same will treated
    as breach of trust and will be viewed seriously by Management.

    We are sure that you would strive to demonstrate still higher levels of performance over the years to
    help Selec achieve its objectives.

    We wish you success in your efforts to exceed on role/KRA/KPIs assigned to you for the year 2016-
    17.

    Ms. Manisha Khanna

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