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    Subhash

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    subhash221103
    The document is an offer letter detailing the compensation package for Subhash Chandra Patel who joined Optum Global Solutions as an Enterprise Resource Planning Analyst on July 23, 2018 at Grade 25. The annual cost-to-company is Rs. 800,000 which breaks down to a monthly salary of Rs. 66,667. The compensation includes a basic salary, HRA, flexi allowance, special allowance, target bonus, PF contributions and CTC. The letter also outlines policies on gratuity, insurance benefits, reimbursements, tax deductions and contributions to PF.

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    Subhash

    Uploaded by

    subhash221103
    273 views1 page
    The document is an offer letter detailing the compensation package for Subhash Chandra Patel who joined Optum Global Solutions as an Enterprise Resource Planning Analyst on July 23, 2018 at Grade 25. The annual cost-to-company is Rs. 800,000 which breaks down to a monthly salary of Rs. 66,667. The compensation includes a basic salary, HRA, flexi allowance, special allowance, target bonus, PF contributions and CTC. The letter also outlines policies on gratuity, insurance benefits, reimbursements, tax deductions and contributions to PF.

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    The document is an offer letter detailing the compensation package for Subhash Chandra Patel who joined Optum Global Solutions as an Enterprise Resource Planning Analyst on July 23, 2018 at Grade 25. The annual cost-to-company is Rs. 800,000 which breaks down to a monthly salary of Rs. 66,667. The compensation includes a basic salary, HRA, flexi allowance, special allowance, target bonus, PF contributions and CTC. The letter also outlines policies on gratuity, insurance benefits, reimbursements, tax deductions and contributions to PF.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    273 views1 page

    Subhash

    Uploaded by

    subhash221103
    The document is an offer letter detailing the compensation package for Subhash Chandra Patel who joined Optum Global Solutions as an Enterprise Resource Planning Analyst on July 23, 2018 at Grade 25. The annual cost-to-company is Rs. 800,000 which breaks down to a monthly salary of Rs. 66,667. The compensation includes a basic salary, HRA, flexi allowance, special allowance, target bonus, PF contributions and CTC. The letter also outlines policies on gratuity, insurance benefits, reimbursements, tax deductions and contributions to PF.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Date : 14-Apr-2018

    Optum Global Solutions (India) Private Limited

    Subhash Chandra Patel | Enterprise Resource Planning Analyst | Grade 25 | DOJ : 23-Jul-2018

    ANNUAL MONTHLY

    BASIC 270,417 22,535

    HRA 125,209 10,434

    FLEXI 280,417 23,368

    MEDICAL - -

    SODEXHO - -

    FUEL REIMBURSEMENT - -

    LTA - -

    - -

    - -

    SPECIAL ALLOWANCE 250,417 20,868

    TOTAL FIXED SALARY 676,043 56,337

    TARGET RRP (At 100%) 93,907 7,826

    PF (Employer's Contribution) 30,050 2,504

    ESI (Employer's Contribution) - -

    CTC 800,000 66,667

    Nikita Verma Subhash Chandra Patel

    Talent Acquisition Team Candidate Name

    Please Note:

    1) Gratuity would be paid as per Gratuity Act (over and above CTC)
    2) Employees would be entitled to health and personal accident insurance benefits as per the Company policy (over and above CTC)
    3) Take home salary will be net of PF & Income Tax deductions depending on you savings under various schemes. Also, the monthly take home would
    be impacted depending on the reimbursements claims every month.
    4) Please understand that no payment under the RRP / QRRP plan is guaranteed, and is subject to attainment of corporate and business unit
    financial performance thresholds as well as individual performance ratings attained for the year in addition to OGS and Company discretion.
    5) For the Provident Fund, the employees would contribute an amount equal to that of the employer and the same would come of the Total Fixed Salary of
    the employee (the current rate of contribution is 12% of the basic)
    6) Maximum eligible annual limit for components part of the flexi basket are:
    MEDICAL ALLOWANCE 15,000
    SODEXHO 13,200
    LTA (Grade 25 & above One Month Basic
    FUEL REIMBURSEMENT (Grade 25 to 29) 84,000
    FUEL REIMBURSEMENT (Grade 30 & above) 102,000
    7) As per the lastest income tax rules, fuel reimbursement for employee owned car is tax free maximum upto 1800 or 2400 pm for car with engine
    capacity upto 1.6 ltr and above 1.6 ltr respectively
    8) LTA will be payable once in a year as governed by our internal policy
    9) If monthly salary of an employee is less than or equal to 21000, the employee will be eligible for ESI

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