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    Hike Letter

    Uploaded by

    Venu Palabandla
    The document is an increment letter informing Ramalinga reddy Chamala of an increase in annual compensation to Rs. 5,49,996. It thanks him for his performance and contribution to achieving organizational goals. An annexure provides the detailed monthly and annual breakdown of the new compensation package, including benefits like HRA, conveyance allowance, and medical allowance. It notes that compensation details are confidential and not to be disclosed or compared with other employees.

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    © All Rights Reserved
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    Hike Letter

    Uploaded by

    Venu Palabandla
    20 views2 pages
    The document is an increment letter informing Ramalinga reddy Chamala of an increase in annual compensation to Rs. 5,49,996. It thanks him for his performance and contribution to achieving organizational goals. An annexure provides the detailed monthly and annual breakdown of the new compensation package, including benefits like HRA, conveyance allowance, and medical allowance. It notes that compensation details are confidential and not to be disclosed or compared with other employees.

    Original Description:

    HIke leyyet

    Original Title

    Hike Letter (5)

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    The document is an increment letter informing Ramalinga reddy Chamala of an increase in annual compensation to Rs. 5,49,996. It thanks him for his performance and contribution to achieving organizational goals. An annexure provides the detailed monthly and annual breakdown of the new compensation package, including benefits like HRA, conveyance allowance, and medical allowance. It notes that compensation details are confidential and not to be disclosed or compared with other employees.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    20 views2 pages

    Hike Letter

    Uploaded by

    Venu Palabandla
    The document is an increment letter informing Ramalinga reddy Chamala of an increase in annual compensation to Rs. 5,49,996. It thanks him for his performance and contribution to achieving organizational goals. An annexure provides the detailed monthly and annual breakdown of the new compensation package, including benefits like HRA, conveyance allowance, and medical allowance. It notes that compensation details are confidential and not to be disclosed or compared with other employees.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    `

    Date: 23 February, 2021

    Name: Ramalinga reddy Chamala


    EMP Code: ATI-1072
    Designation: Software Engineer

    Increment Letter

    Dear Mr. Ramalinga reddy Chamala,

    In appreciation of your performance and contribution in achieving the organizations


    goals we are pleased to inform that your compensation has been revised and your new
    compensation will be Rs.5,49,996/- Per Annum with effect from 23 March, 2021.

    The details of the compensation and related benefits as applicable to you are enclosed in
    the annexure to this letter.

    We take this opportunity to appreciate your contribution and look forward to your
    continued support in achieving our organization’s ambitious growth plans.

    All other terms and conditions of your employment remain unchanged. For any
    clarifications, please contact your HR representative.

    Wishing you continued growth and success…

    Your’s Sincerely,
    For Antrix Technology India Private Limited,

    Rahul Varma
    Manager-Human Resource
    `

    ANNEXURE – A

    A detailed break-up of the annual total compensation is given below.

    Salary Head Monthly Annually


    Basic 18333 219996
    HRA 9167 110004
    Conveyance Allowance 1600 19200
    Transport Allowance 0 0
    Medical Allowance 1250 15000
    ESI Employer 0 0
    Special Allowance 5500 66000
    CCA 9983 119796
    Gross CTC 45833 549996

    Note: **Please note that above structure is subject to change in lieu to change in
    company policy and income tax rules. All benefits are as per company policy, which are
    subject to change from time to time**

    Confidentiality: Matter of your compensation is confidential information of the


    company. Any discussion or disclosure of your compensation with anybody other than
    your departmental head or HR will be considered as breach of agreement by you. Your
    compensation package is unique to you and not for comparison with other employees of
    the company.

    This is a highly confidential document hence you are requested not to disclose it
    to anyone else.

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