HCL Infosystems Ltd.

TAX COMPUTATION TIPS FOR THE YEAR 2011-2012 Particulars

A. Income Details BASIC HRA

PSS / INCENTIVE ADV & BALANCE TRANSPORT & CONVEYANCE .ALLOWANCE

PERFORMANCE ALLOWANCE 4 WHEELER ALLOWANCE EDUCATION ALLOWANCE CCA MAIF EXGRATIA / AWARD ANY OTHER ALLOWANCE Total Income : B. Perquisites SOFT-FUR VMR VMIER PETROL DRIVER SAL

CLA PERQ

CLA ADV/SEC DEP PERQ.

GUEST HOUSE PERQ CREDIT-CARD HOUSE REPAIR

LTA

ELECTRICITY & WATER CHARGES WATCH AND WARD EXPENSES MOBILE TELEPHONE MEDICAL EXPENSES PAID BY COMPANY AWARD IN KIND (Items / Free Travel/ etc) HARD FURNISHING LOAN PERQ.

Total Perquisite : C. OTHER INCOME: Income from previous employer

Loss from House Property

Other Income, if any. D. Gross income(A + B + C ) E. Less : Savings Limit u/s 80CCE LIC Pension Plan (u/s 80CCC) NSC Unit Linked Insurance

) ) )

Children Education PF & VPF PPF Infrastructure Bonds 5 yrs time deposit in post office/banks Housing Loan Principal TOTAL F. Less: Others Mediclaim (u/s 80D)

) ) ) ) ) ) )

Disablement (u/s 80DD)

Medical Treatment(u/s80DDB)

Handicapped(u/s 80U)

Higher Education Loan(u/s80E)

80G-Donations-

TOTAL G. LESS: Professional tax deducted. H. TOTAL EXEMPTED AMOUNT (E+F-G) I. Add: Short term Capital Gain TOTAL J. Total Taxable Income (D - H +I ) Gross Tax Less : Tax deducted by Prev. Employer Tax Payable

Education Cess on Tax Secondary & higher education cess on Tax Total Tax Payable ( Tax + cess ) YTD tax deducted YTD surcharge deducted YTD Education cess deducted Total tax Deducted ( Tax + Cess ) Balance tax

TAX COMPUTATION TIPS

100% taxable HRA (on submission of Rent receipts) Least of the following three is exempt from total HRA received during the year 1) Actual HRA received 2) Rent paid minus 10% of basic salary 3) 50% of basic salary for metro cities(I.e. Delhi, Mumbai., Kolkatta and Chennai) or 40% in other cities 100% taxable Rs.800/= PM is exempt, in case employee is not using the Company transport facility. For employees who are getting transport facility, amount recovered from employee is exempted. 100% taxable 100% taxable 100% taxable 100% taxable 100% taxable 100% taxable 100% taxable

100% taxable Exemption only Rs.1800/= per month subject to claim submitted by employee on monthly basis. This is applicable in case the car is owned by Employee Exemption only Rs.900/= per month subject to claim submitted by employee on monthly basis. This is applicable in case the car is owned by Employee 15%/ 10%/ 7.5% as the case may be of total income as per Point no.A or CLA availed whichever is lower. In case of self lease I.e in the name of employee or spouse, gross CLA paid during the year will be treated as Rental income by the Company. CLA Advance & Security Deposit will be treated as interest free loan for employees who are not under CLA and perquisite will be charged as per income tax rules. 15%/ 10%/ 7.5% as the case may be of total income as per Point no. A will be charged in case the Guest House. Taxable 100% taxable

In a block period of 4 years , two LTA's are non taxable to the extent of actual fare on submission of ticket & other related proofs as per LTA Circular. Block Period is 2010 -13 100% taxable 100% taxable Non taxable Amount paid by the company is exempted upto 15K only. However, reimbursement from NIC are fully exempt. Taxable 10% of Hard Furnishing availed till date is taxable. Any Loan given by company more than 20K will be subject to perquisite based on the difference between the interest rate of SBI and Company .

New joinees during the year have to provide Income Certificate from the previous employer alongwith copy of PAN Upto Rs.1.50 Lacs on submission of Bank Certificate & Declaration Form alongwith Possession proof & Ownership proof as per circular Upper limit is 30K in case the purpose of loan is for Repairs and Renovation. As per declaration

Maximum limit is Rs.1 Lac and no upper limit in any category of investment. Additional Rs. 20K for infrastructure bonds Note : Accrued Interest on NSC's is to be discontinued

Upto 15K for self& family. Additional Rs. 15K in case of dependent parents. Rs. 20K in both cases if the person is a senior citizen Upto 50K on submission of Certificate on Prescribed format from Govt Hospital subject to actual bills. Rs. 100K in cae of severe disability Upto 40K on submission of Certificate on Prescribed format from Govt Hospital subject to actual bills.

Only for Self upto 50K on submission of Certificate on Prescribed format from Govt. Hospital. Rs. 75K in case of severe disability Repayment of Interest only for self, spouse, children and a student of whom he is a legal guardian. No upper limit but can be availed for 8 years from the year in which the repayment started. Donation benefit will not be considered by the Company, if not deducted from the salary of the employee by the company.

On production of transaction sale and purchase proofs

In case of Women the tax will be Zero upto income of Rs.1.90Lacs Upto Rs.1.80 Lac = Nil ; Rs.1.80 Lac to Rs.5.00 Lacs = 10%; Rs.5.00 - Rs.8.00 Lacs = 20% & more than Rs. 8.00 Lacs = 30% 2% on Tax payable 1% on Tax payable