CHIVARO-DUES-1g.pdf

Table 2 – Salary Dues payable to the undersigned – Page No – 6
Date
Description
SALARY
DUE
(Rs.)
PAID
(Rs.)
DUE
DAYS
INT
PER
DAY
(Rs.)
INT TILL
DATE
(Rs.)
TOTAL
DUES
(Rs.)
BALANCE DUES PAYABLE
(Rs.)
(TO PRM)
TOTAL 61,76,119.00 28,68,919.00 22,84,791.87 55,91,991.87
As per the above tables, the total dues payable to the undersigned, as follows:
Rs. 86,70,636.94 + 55,91,991.87 = Rs. 1,42,62,628.81
In Words, The total dues payable, is ONE CRORE FORTY LAKHS SIXTY TWO
THOUSAND AND SIX HUNDREDEN TWENTY EIGHT PAISA EIGHTY ONE ONLY
The below method is followed:
1) Interest is calculated on both the heads – loan and salary dues
2) Interest is calculated as follows, on daily basis :
2011-12 – 1% per month
2012-13 – 2% per month
2013-14 – 3% per month
2014-15 – 4% per month
Below are excluded from the calculations:
1) Salary from month is taken at flat rate of Rs. 1,37,800/Month after IT deductions. These IT
deductions does not consider the applicable IT exemptions to the undersigned. It is estimated
that IT exemptions applicable to the undersigned will be, approximately, Rs. 3.5 Lacs to Rs. 4.0
Lacs per year, for all the applicable years
2) Company has not given yet FORM 16 for all the financial years as per listed in the tables
3) PF and its interest payable
4) Income Tax and interest on IT notices for the last so many years
5) Expenses incurred on company travels, tours, customer visit etc
6) Any other dues payable connected to either principle or interest or salary or otherwise etc.
will be included as and when it comes to the notice of the undersigned.
The undersigned would like to put it on record that the net liabilities have risen to Rs. 2.0 Cr till
date and the undersigned has pledged/mortgaged all the assets and properties as of date.
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