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2015-16 Performance Review & Salary Update

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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Vaibhavi Amit Shah
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66 views1 page

2015-16 Performance Review & Salary Update

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,

Uploaded by

Vaibhavi Amit Shah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
  • Performance Review Letter

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

Ref: SCPL/HR/00001041 May 6, 2016 Name: Mr. AMIT BHARAT SHAH Grade: S Design.: TEAM LEADER Branch: Mahape Emp. Code: 000010

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