Annexure "A"
Name : Rahul Singh
Date of Joining : 22nd April 2024 Unit : Aditya Birla Finance Limited
Job Band : 11 Function : Sales
Designation : Relationship Manager Performance Review Year : April to March
Location of Posting : Lucknow Compensation Review Year : July to June
Per MONTH Per ANNUM Remarks
Salary 2,27,500
Basic Salary 18,958 2,27,500 This is paid on a monthly basis. Retirement benefits are linked to it.
Allowances/ Reimbursements 2,70,507
This covers reimbursement for travel on leave within India. It is governed by the
Leave Travel Allowance 8,000
IT Act where one can take tax exemptions twice in a block of four years.
Education Allowance 200 2,400 This is paid on a monthly basis.
This is paid on a monthly basis. This does not have any link to retirement
Special Allowance 20,276 2,43,307
benefits.
Statutory Bonus 16,800
Guaranteed Cash 4,98,007
Retirement Benefits 38,243
Employers Contribution to Provident Fund
2,275 27,300 The employer contributes to the extent of 12% of basic salary.
(12% of Basic)
Gratuity (15 days Basic) 10,943 This is governed by the Payment of Gratuity Act.
Fixed Compensation w/o housing 5,36,250
Housing 1,13,750
This is calculated @ 50% of Basic Salary. This amount is paid as a part of the
HRA 9,479 1,13,750
monthly salary
Fixed Compensation 6,50,000
Cost to Company 6,50,000
Benefits/ Perks not Valued
Mobile Phone Yes Rental and official calls (For VIL subscriptions only).
As per company's GMC policy - Sum Insured is Rs 5 Lacs p.a. for self and
Hospitalization Insurance Yes
dependents. This is a Co-Pay policy
As per company's GPA policy - Sum Insured is Rs 30 Lacs. This is borne by
Accident Insurance Yes
the company.
As per company's GTL (Nischint) policy - Sum Insured is Rs 10 Lacs.
Term Insurance Yes
Coverage as per company's policy.
Notes:
- Taxes as applicable, to be borne by the incumbent, as per prevailing tax laws.
