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Appraisal Letter

Mr. Prashant Ray's monthly compensation has been revised to Rs. 13,25,050 effective April 1st, 2022. His compensation package includes a basic salary of Rs. 44,000, house rent allowance of Rs. 22,000, flexi basket allowance of Rs. 41,151, and special allowance of Rs. 2,850 for a total monthly compensation of Rs. 1,10,001. His annualized compensation is Rs. 13,20,000 plus an additional Rs. 5,050 for annual insurance and medical benefits. The letter notes the compensation is confidential and any personal tax liability will be borne by the employee.

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75 views1 page

Appraisal Letter

Mr. Prashant Ray's monthly compensation has been revised to Rs. 13,25,050 effective April 1st, 2022. His compensation package includes a basic salary of Rs. 44,000, house rent allowance of Rs. 22,000, flexi basket allowance of Rs. 41,151, and special allowance of Rs. 2,850 for a total monthly compensation of Rs. 1,10,001. His annualized compensation is Rs. 13,20,000 plus an additional Rs. 5,050 for annual insurance and medical benefits. The letter notes the compensation is confidential and any personal tax liability will be borne by the employee.

Uploaded by

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© © All Rights Reserved
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Date: April 04, 2022

Dear Mr. Prashant Ray,

In recognition of your performance and contribution to the organization during the appraisal
period 2021-2022, your monthly CTC is being revised to Rs. 13,25,050/- (THIRTEEN LAKH TWENTY-
FIVE THOUSAND FIFTY Rupees only) w.e.f. April 01,2022

Your revised Compensation and Benefits Structure is given below for your reference.
COMPENSATION AND BENEFITS STRUCTURE
Monthly Components (in Rs.)
Basic Salary 44,000
House Rent Allowance 22,000
Flexi Basket Allowance 41,151
Special Allowance 2850
TOTAL: Monthly (A)                                1,10,001
TOTAL: Monthly Components : Annualized (B)                            13,20,000
Annual Components (in Rs.)
Insurance & Medical Benefits                                5,050
TOTAL : Annual : (C)                              5,050
COST TO COMPANY - per annum (B) + (C)                            13,25,050

NOTE:

1. All salary components are governed by the company policies and statutory guidelines.
2. This salary sheet is strictly confidential and must not be discussed with anyone other than your Reporting Manager and/or
your HR Manager.
3. Any personal tax liability arising out of compensation will be borne solely by the employee.
4. Any additional personal tax liability arising out of compensation will be borne solely by the employee.

 You will be provided a SIM card with CUG connection. You are requested to handover
the SIM card while leaving the organization.

Kindly sign and return the duplicate of this letter as a token of your acceptance. Wishing
you the best for the next year. Do keep up your good performance.

For WhiteSign Systems Private Limited

--------------------------------------
Vinayak Ghentyal. CEO

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