*The gross annual salary of employee mentioned above doesn’t include the Employer Provident fund contribution of INR 1800 per month. The employer will pay this amount in addition to the salary mentioned above. Indian employment law mandates a monthly contribution of INR 1800 from both the employee and the employer.
**For the first 4 years of employment, Wisemonk manages the Gratuity fund on its own, without any additional cost to the client. As per Law, after the completion of 4.6 years of service, the employee can request the Gratuity bonus (equal to ~12.02% of employee's fourth year salary) from Wisemonk. The employee gets a tax rebate from Government of India for this amount. At the completion of 4 years, Wisemonk will invoice the aforementioned amount to the client, to pay it to the employee as Gratuity Bonus.
***Check out our flexible pricing here.
