This is with reference to the new Salary break-up with effect from 01-April-2016.
With reference to the latest PF circular of basic pay limit for PF deduction and its subsequent impact on tax liability on employees the salary break up has been restructured and revised with the objective of extending the tax benefit to the employees.
Please find attachment of the restructured salary break up for reference.
Request to kindly sign both copies of this letter. Retain one copy for your record and return one copy of the letter to the Human Resource Department for record.
Please feel free to contact or drop an email at ……….. , should you need any clarification.
Thanks & regards,