The document outlines an employee's salary breakup over an 18 month period at Raster Engineers Pvt. Ltd. For the first month, the employee receives a stipend of Rs. 5,000. For months 2-4, the cost to company is Rs. 10,650 per month including PF and ESI. For months 5-18, the cost to company is Rs. 14,000 per month including PF and ESI. The employee can continue working or resign after 18 months with 2 months notice.
The document outlines an employee's salary breakup over an 18 month period at Raster Engineers Pvt. Ltd. For the first month, the employee receives a stipend of Rs. 5,000. For months 2-4, the cost to company is Rs. 10,650 per month including PF and ESI. For months 5-18, the cost to company is Rs. 14,000 per month including PF and ESI. The employee can continue working or resign after 18 months with 2 months notice.
The document outlines an employee's salary breakup over an 18 month period at Raster Engineers Pvt. Ltd. For the first month, the employee receives a stipend of Rs. 5,000. For months 2-4, the cost to company is Rs. 10,650 per month including PF and ESI. For months 5-18, the cost to company is Rs. 14,000 per month including PF and ESI. The employee can continue working or resign after 18 months with 2 months notice.
1st Month Stipend 5000/- (Training Period) 2nd Month For the Period of 3 = 10,650/- (Including all PF & 3rd Month (2, 3, 4) Months ESI) 4th Month 5th Month 6th Month 7th Month 8th Month For the Period of 12 months 9th Month (5th to 18th Month) 10th Month 11th Month = 14,000/- 12th Month (Including all PF & ESI) 13th Month 14th Month 15th Month 16th Month 17th Month 18th Month You can continue or give resignation on 18th 14,000 /- + Increment Salary month, as notice period will be for 60 days (Based on Performance) (2 months) and relieving will be in/ after 20th month if desires to resign.
19th Month is increment time.
(You will get increased salary from 19th month to next 12 months, if continued).
CTC/ MONTH PF Amount ESI Amount Take home Duration
10,650/- 1,449/- 613/- 8,588/- 2,3 & 4th Month 14,000/- 1,905/- 806/- 11,289/- 5th to 18th Month Total Amount to (Total receivables to employee) Employee
Note: PF amount will be credited into your PF account (Amount is yours) + Take home will be credited to your salary account (KVB Bank). I have read the above salary structure and it is acceptable to me.