increment in just three months- HSBC
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This letter informs Monika Gupta that her compensation has been increased. Her new total compensation (CTC) is INR 824,000 effective April 1, 2010, as detailed in the attached annexure. She has also been awarded a variable bonus of INR 5,000 which will be credited to her bank account in April after deducting applicable taxes. The letter thanks Monika for her contributions and commitment in helping the company achieve its goals.
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Annexure
(A) Basic Salary NR 304381
(B) House Rent Allor,vance INIT r 52191
(c) Medical Reimbursement INR 15000
(D) Flexible Benefrt PIan INIl 301261
(E) Total Cash (A+ B+ C+ D) INR 772833
(F) "Qompany" Contribution to Provident Fund INR 36526
(G) Gratuity IN]{ 14641
(H) Gross Annual Salary (E) + (F) + (G). INR 824000
* Subject to deductions for Ernployee's contribution to PF, Professicnal Tax, Income Tax and other
statutory/non statutory deductions that may be applicable.
Name Monika Gupta
Career Level 7
Intemal Designation Deputy Manager](https://image.slidesharecdn.com/38b0d52c-a6a7-4f42-9ced-2ac01caef589-160123131831/85/increment-in-just-three-months-HSBC-2-320.jpg)
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Legal Aspect of Executives salary in Stated-Owned Enterprises BanksLenny Rosadiawan
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The document discusses compensation management at several major state-owned banks in Indonesia, including Bank Mandiri, Bank BRI, and Bank BNI. It summarizes the compensation structures for CEOs and board of directors at each bank based on Ministry of State-Owned Enterprises Regulation 7/2010. Bank Mandiri pays the highest base salaries to its CEO and board members. Compensation is determined by shareholders' meetings and considers benchmarks, business complexity, human resource scarcity, and financial performance. Compensation must also comply with tax and legislative requirements.increment in just three months- HSBC
- 1. " u,scu51filgHsBc.r>o with Oriental Bank of Commerce Date: April 19, 2010 Monika Gupta 99001 864 Sales " Dear Monika, . , We delivered another set of major achievements last year and our thanks to you for your contribution to these. To recognise this contribution, we are pleased to revise your- CTC to INR B24,OA0l- effective 1 April 2010. Further details are provided in the attached Annexui'e. You have also been awarded with a Variable Bonus of INR 5,000/-, which will be credited to your bank acbount with your April 2010 salary post deduction of applicable taxes. All other terms and conditions of employment remain the same. Once again, I take this opportunity to thank you and yor-rr famiiy for the cornmitment and engagement in helping us achieve our goals, and look fon.vard to your continued support in the years ahead. Wishing you all the bestl Reoards I .--, f. r, .) . $ la " * ^ *a*t *"iuxy?ld'iYr'V'4' Ashish K Srivastava Director - Human Resources Canara HSBC Oriental Bank of Commerce Life Insurance Company Lirnited First India Place, First Floor, Tower B, Vatika Toweri Sushant Lok, Phase I, Mehrauli Gurgaon Roacj, Gurgaon - 122002 www.canarahsbclife.com Registered office: 772, J.C. Road, Bangalore - 560002
- 2. ,ii-!,, r--liir.f :i:., r . tt,iiJ.fl '' i! ir, Annexure (A) Basic Salary NR 304381 (B) House Rent Allor,vance INIT r 52191 (c) Medical Reimbursement INR 15000 (D) Flexible Benefrt PIan INIl 301261 (E) Total Cash (A+ B+ C+ D) INR 772833 (F) "Qompany" Contribution to Provident Fund INR 36526 (G) Gratuity IN]{ 14641 (H) Gross Annual Salary (E) + (F) + (G). INR 824000 * Subject to deductions for Ernployee's contribution to PF, Professicnal Tax, Income Tax and other statutory/non statutory deductions that may be applicable. Name Monika Gupta Career Level 7 Intemal Designation Deputy Manager