I am a fresher joining a software firm in a couple of days. The company provided me with this salary structure can someone please tell how good/bad it is. And if possible also the in hand salary that I will be getting?
TOTAL REWARDS STATEMENT PER ANNUM (INR)
Basic Salary -352,000
House Rent Allowance (HRA)- 211,200
Statutory Bonus- 29,322
Flexi Basket -157,238
{Refreshment Allowance 13,200
LTA 29,333}
Special Allowance Balancing Figure
TOTAL FIXED SALARY -749,760
Target Variable Pay (at 100%)- 88,000
RETIRALS
Provident Fund (Employer’s contribution)- 42,240
Gratuity -16,931
COST TO COMPANY -896,931
* Performance Bonus at end of 1st Year- 120,000
COST TO COMPANY -1,016,931
TOTAL REWARDS STATEMENT PER ANNUM (INR)
Basic Salary -352,000
House Rent Allowance (HRA)- 211,200
Statutory Bonus- 29,322
Flexi Basket -157,238
{Refreshment Allowance 13,200
LTA 29,333}
Special Allowance Balancing Figure
TOTAL FIXED SALARY -749,760
Target Variable Pay (at 100%)- 88,000
RETIRALS
Provident Fund (Employer’s contribution)- 42,240
Gratuity -16,931
COST TO COMPANY -896,931
* Performance Bonus at end of 1st Year- 120,000
COST TO COMPANY -1,016,931