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Rohan CTC

This document outlines the total cost of employment for the position of Deputy Manager at a current grade of Senior Officer. [1] The total fixed cash amounts to Rs. 28,640 per month and Rs. 354,470 annually, including basic salary, allowances for housing, meals, transportation, and more. [2] Retirals like provident fund contribute an additional Rs. 15,540 annually to the fixed pay. [3] Subsidized loans for housing, vehicles, and more amount to Rs. 133,950, bringing the total cost to the company (TCTC) to Rs. 503,960 per year. Benefits like hospitalization and gratuity are also included.

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264 views

Rohan CTC

This document outlines the total cost of employment for the position of Deputy Manager at a current grade of Senior Officer. [1] The total fixed cash amounts to Rs. 28,640 per month and Rs. 354,470 annually, including basic salary, allowances for housing, meals, transportation, and more. [2] Retirals like provident fund contribute an additional Rs. 15,540 annually to the fixed pay. [3] Subsidized loans for housing, vehicles, and more amount to Rs. 133,950, bringing the total cost to the company (TCTC) to Rs. 503,960 per year. Benefits like hospitalization and gratuity are also included.

Uploaded by

Rohan
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
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Grade Deputy Manager Current Grade Sr.

Officer

TOTAL COST OF EMPLOYMENT


SALARY AND ALLOWANCES

Per Month Annual

Basic Salary 10,790 129,480

House Rent Allowance 3,375 40,500

Lunch Allowance 910 10,920

Conveyance Allowance 1,600 19,200


Medical 1,250 15,000

Personal Pay 4,625 55,500

Other Allowance 6,090 73,080


Telephone Allowance 0 0

Leave Travel Assistance 10,790

City Allowance 0 0
PBG Allowance 0 0

Total Fixed Cash ( A ) 28,640 354,470


Provident Fund 15,540
Superannuation 0

Retirals(B) 15,540

Total Fixed Pay(A+B) 370,010


Housing Loan 1,200,000.00 @2.5% 84,600

Personal Loan 75,000.00 @5% 10,125

Vehical Loan 150,000.00 @3% 11,925

Housing Loan Slab-2 600,000.00 @5% 27,300

Subsidized Loans(C) 133,950

TOTAL COST TO COMPANY(TCTC) (A+B+C) 503,960

Benefits:

Hospitalisation: You will be entitled to the hospitalisation benefit under the hospitalisation scheme prevailing in the Bank which is
currently 200000 p.a.

Gratuity: As per Gratuity Act.

Superannuation: All Employees who are in E4 and above are entitled to Superannuation Benefit contribution.

Employer contributes 13% of Basic Salary per annum towards Superannuation . This contribution goes to a Superannuation Fund .The
Superannuation Fund is governed by the HDFC Bank Ltd. Superannuation Scheme.Any tax liability arising out of the same needs to be
borne by the employee.

Employees can opt to take their 13% contribution to superannuation fund as cash. This amount would be paid through the payroll, will
appear in the payslip, and will be fully taxable.

Loans: The amount mentioned is the national value of the loan and not a cash component of salary.

Performance Bonus: As per Policy.

NOTE: Staff Loan is not Applicable For Receptionist, Management Trainee, Trainee, Executive Trainee, Management Associate.

*This is not a formal offer. In case you accept this then kindly DO NOT resign in your present organisation till we hand over your offer letter to you.

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