June 26, 2023
Restricted
SHABANA PERWEEN
S57786
SALARY REVIEW 2022-23
We are pleased to inform you that effective June 01, 2023 your Annual Gross Salary has been revised as mentioned
below.
Salary Element
May 31, 2023
(Rs. pa)
June 01, 2023
(Rs. pa)
(i)
Basic Salary
1,72,500/-
1,90,740/-
(ii)
Other Allowance
1,94,700/-
2,07,900/-
(iii)
Medical
15,000/-
15,000/-
(iv)
Conveyance
19,200/-
19,200/-
(v)
House Rent Allowance
40,500/-
40,500/-
(vi)
LTA
14,375/-
15,895/-
(vii)
Provident Fund^
21,600/-
22,889/-
(viii)
Personal Pay
86,220/-
92,280/-
(ix)
Lunch Allowance
10,920/-
10,920/-
5,75,015/-
6,15,324/-
A
Gross Salary*
Increment (%)
7.00%
B
Cost of Housing Loan
1,15,500/-
C
Cost of Personal Loan
6,750/-
D
Cost of Vehicle Loan
9,150/-
E
Total Cost Of Loans** (B+C+D)
1,31,400/-
F
Total Cost to Company (A+E)
7,46,724/-
Performance rating for the Financial Year 2022-23 is SC
^Employer Contribution
* Your increment has been computed on Gross Salary.
** Cost of Loans is the perquisite value of the benefit in the event an employee avails the total value of the loan benefit.
Loan Benefit = (SBI Rate – Staff loan interest rate)*Value of the loan entitlement.
Please note that the cost of loans is computed considering the total value of the benefit an employee is entitled to and is
not based on the utilization. This is not to be considered as guaranteed pay.
All other terms and conditions of your employment remain unchanged.
It may be pertinent to note that
Performance Linked Pay (PLP) earned (if any) during the year has been excluded from the Cost to
Companycomputation.
Request you to please keep in mind that the contents of this letter are personal and strictly confidential. You
arerequested not to discuss the contents of this letter with anyone except your supervisor/manager or Human
Resources.We trust you will comply with this in all seriousness.
We thank you for your contribution and look forward to your continued endeavour in striving for excellence. Request
youto finalise your goals for the performance year 2023-24 with your manager at the earliest.
Wish you all the very best for the performance year 2023-24.
For HDFC Bank Limited,
Vinay Razdan
Chief Human Resources Officer