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I recently got promoted to Foreman and I've been given to understand that I'll get only 10% salary increment, but I strongly believe I should get 15% at least. Following is the letter I've prepared. Kindly have a look and advise your views.
Sir,
Following was my Salary Structure as Technician:
Basic Salary - 4000
It is my understanding that I will be given a 10% salary increase (which is AED 400) for the current position I have been drafted into. I humbly solicit your support to grant a 15% increase - AED 600 only, by which my Basic Salary would be AED 4600; a fair Basic Salary for Foreman post.

Taking into account of the promotion from Technician to Foreman position and considering nature of the job & higher level of responsibilities entrusted to me, the increase I request hereby is minimal.

Counting upon your kind consideration.

I remain, Yours sincerely

Name
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curiouscutebuoyI recently got promoted to Foreman and I've been given to understand that I'll get only 10% salary increment, but I strongly believe I should get 15% at least. Following is the letter I've prepared. Kindly have a look and advise your views.
Sir,
Following was my Salary Structure as Technician:
Basic Salary - 4000
It is my understanding that I will be given a 10% salary increase (which is AED 400) for the current position I have been drafted into. I humbly solicit your support to grant a 15% increase - AED 600 only, by which my Basic Salary would be AED 4600; a fair Basic Salary for Foreman post.

Taking into account of the promotion from Technician to Foreman position and considering nature of the job & higher level of responsibilities entrusted to me, the increase I request hereby is minimal.

Counting upon your kind consideration.

I remain, Yours sincerely

Name

You need to add "the" between "considering" and "nature". Two concerns: I do think the use of the word "increase" is better than "increment", as an increment is an increase given in more than one stage; I think that "drafted" is not the word you want, because it implies that you were put in that position not necessarily at your will [promoted is better].

PS: Welcome to the Forums. We're happy to offer you advice about English.
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All are rather stilted and old-fashioned for a letter to your boss (and 'faithfully' is reserved for unknown recipients anyway). Keep it simple:

Thank you for your time and consideration.

Sincerely yours,

[signed]
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Dear Mr. Philip,
Thanks for your quick response, really appreciate that.

To conclude a letter being written to the Boss, which one of the following would be better:

Counting upon your kind consideration.
I remain, Yours sincerely,
Name
OR
Counting upon your kind consideration.
I remain, Yours truly,
Name
OR
Counting upon your kind consideration.
I remain, Yours faithfully,
Name
 Mister Micawber's reply was promoted to an answer.
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Normally I don't add anything after Mr. M has spoken, but since you sente me a PM regarding the letter, I'll just say that I concur with him on this.