FluffyWalrus
FluffyWalrus

Persistent systems- salary components

Hi all,

Anyone working in persistent know, how are they calculating a component called special skill allowance? Will it be given monthly?

Also what will be the in hand salary per month fo the below CTC? Please help me to understand if anyone knows.

Basic Salary - 34100 House Rent Allowance - 17050 Company Contribution to E.P.F. / Special Pay l 4,092 Superannuation fund / Special Pay Il - 5,115 NPS / Special Pay III - 3410 Leave Travel Allowance - 3410

Statutory bonus- 6,820 Miscellaneous Allowance -12,764 Total to be Paid Monthly (M)- 86,761 Total for the year (M* 12)------[A] - 1,041,132

Variable Components)

Annual Performance Bonus (APB) Per Month [M] - 9,792 Annual Performance Bonus (APB)-.... -[B]- 117,504

Annual Component Provision for Gratuity- 16368 Annual Gross Salary [A + B + C] - 1,175,004

Special Component

Other Bonus- Special Skill Allowance [Annual]- 325000

Insurance* and Food**

41,000 Cost to Company (CT) [A + B+C+D]

1,541,000

21d ago
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