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Dear Krishna
The Annual Performance Process for the year has been concluded. Based on the discussions you had with your manager which was subsequently consolidated and discussed at the
Business level, your overall performance rating for the financial year 2018-19 has been Very Good. This rating implies you have met most of expectations and have potential to further
excel.
Along with this assessment, your compensation has been revised to Rs.763401/- (details in annexure). This will be effective from 01 Feb 2019.
Your compensation and deferred pay is a private and confidential subject and you are advised not to discuss or disclose the same with any of your colleagues. All other terms and
conditions of your appointment remain the same.
The year ahead, promises to be an exciting one. Our belief and passion in our work can take us to greater heights and make BLESSO “The best and the biggest”.
Our personal thanks to your family for having supported you through your endeavor.
Deepak Gupta
Annexure-I
In view of the judgment of the Honourable Supreme Court of India directing EPF contribution to be made on Basic pay, Special Allowance, we have revised your CTC structure. The
revised CTC structure is appended below for your reference. Please feel free to let us know should you need any clarification.
Needless to emphasise, increased EPF contribution would get you better savings, particularly since EPF is one of the most secure & high yield savings instruments & is tax exempt as
well.
Compensation Structure
Basic 340156
H.R.A 169296
L.T.A 23513
Other Benefits:
Personal Accident Cover :Personal accident cover for self in cases of death or disability
Mediclaim :Covered under ESIC or Mediclaim Insurance for Self, Spouse and Two children, whichever is applicable.