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Annexure A 3.80

This document outlines the annual earning opportunity for Mr. Mohit Singh in his role as Assistant Engineer located in Chembur and joining on August 22nd, 2022. It details his monthly and annual compensation including a basic salary of Rs. 12,000, allowances totaling Rs. 28,743.66 per month, and additional annual benefits totaling Rs. 40,284 for a total annual earning opportunity of Rs. 3,80,000. It also lists additional insurance benefits and notes that compensation can be restructured while protecting annual earnings.

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266 views1 page

Annexure A 3.80

This document outlines the annual earning opportunity for Mr. Mohit Singh in his role as Assistant Engineer located in Chembur and joining on August 22nd, 2022. It details his monthly and annual compensation including a basic salary of Rs. 12,000, allowances totaling Rs. 28,743.66 per month, and additional annual benefits totaling Rs. 40,284 for a total annual earning opportunity of Rs. 3,80,000. It also lists additional insurance benefits and notes that compensation can be restructured while protecting annual earnings.

Uploaded by

panduram tiyu
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
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Tata Power Limited,

Bombay House, 24,


Homi Mody Street, Fort
Mumbai - 400001
Maharashtra, India
Annexure ‘A’

Annual Earning Opportunity for: Mr. Mohit Singh


Travel Plan: TP- 5
Band: E3
Designation: Assistant Engineer
Location: Chembur
Date of Joining: 22nd August 2022

Monthly Components Amount Rs.

Basic Salary 12000.00


House Rent Allowance 5300.00
Professional Allowance # 6570.00
Conveyance Allowance 4033.00
Group Health Medical Insurance # 640.66

Total: Monthly (A) 28,743.66

Total: Monthly: Annualized (B) 344924.00

Annual Components

Social Security & Retirals

Provident Fund @ 12% of Basic Salary 1440.00


Gratuity 1483.00

Total: Annual (C) 40,284.00

Total Annual Earning Opportunity: (B+C) 380000.00

ADDITIONAL BENEFITS
Group Personal Accident insurance Rs. 3L+3L on Air Accident
Term Life Insurance Cover of Rs. 15 Lakhs

Monthly OMB –HO (Office Mobile Budget) $ 350.00


Monthly OMB- REGION (Office Mobile Budget) $ 55.00

# On movement to an OMC/Transition / EUC & DC Practice the Compensation Shall be restructured with BHA
/SLA as part other CTC.
# # All employees are covered under GHMI by default. Please read detailed instructions before deciding.
Existing employees have default coverage under GHMI in the absence of declaration.

$ To be claimed for official cell phone expenses only as per the telephone policy available on EHS site. The
claim has to be supported by bills and shall laps monthly if unclaimed. Employees depending upon their
locational entitlement only should claim monthly OMB.
You are covered under GPAI scheme as per Company’s GPAI policy. The sum assured is of Rs. 3 Lakhs
(Rs. 6 Lakhs in case of Air accident).
Your compensation can be restructured at any time protecting Annual Earning Opportunity.
Note: Any Tax liability arising out of compensation will be borne solely by the employee.

Date of issue: 03/08/2022

Identification No. L28920MH1919PLC000567

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