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Infosys Unlocked

The document outlines the salary and allowances of employee Manisha Agarwal at Infosys Limited for the assessment year 2024-2025, detailing a gross salary of INR 2,252,303. It also includes information on exempted allowances, deductions under sections 80C to 80U, and foreign tax credits for income earned outside India. The total foreign tax credit claimed is INR 275,746, with a declaration by the employer confirming the accuracy of the information provided.
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0% found this document useful (0 votes)
75 views4 pages

Infosys Unlocked

The document outlines the salary and allowances of employee Manisha Agarwal at Infosys Limited for the assessment year 2024-2025, detailing a gross salary of INR 2,252,303. It also includes information on exempted allowances, deductions under sections 80C to 80U, and foreign tax credits for income earned outside India. The total foreign tax credit claimed is INR 275,746, with a declaration by the employer confirming the accuracy of the information provided.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Annexure to PART B

Name and Address of the Employer Name and Designation of the Employee
Infosys Limited Manisha Agarwal
Electronics City, Hosur Road Project Manager
Bangalore, 560100

This is to certify that he/she has been paid the following Details of Allowances exempted under section 10 and 17(2) for the
emoluments for the period from 01.04.2023 to 31.03.2024 Assessment Year 2024 - 2025

Particulars Amount in INR Particulars Amount in INR Amount in INR

a) Salary as per provisions contained in I. Under Section 10(5) r.w. Rule 2B


Sec 17(1) Leave Travel Allowance Exemption 0.00
1.Basic Salary 439,560.00 II. Under Section 10(13A) r.w. Rule 2A
2.House Rent Allowance 157,125.00 House Rent Allowance Exemption 0.00
3.Medical Allowance 98,208.00 III.Under Section 10(14)
4.Transport Allowance 39,278.00 a) Transport Allowance Exemption 0.00
5.Leave Travel Allowance 98,208.00 b) Children Education Allow.Exemption 0.00
6.Bonus 87,912.00 c) Children Hostel Allow.Exemption 0.00
7.Performance Bonus 85,678.00 Total (a),(b)& (c) _____________ 0.00
8.Taxable Onsite Income 1,246,334.00 IV.Under Section 17(2)
____________________________________________________ Other Exemption 0.00
Total Salary as per Provisions V. Under Section 10(10AA)
Contained in Sec. 17(1) 2,252,303.00 Leave Encashment Exemption 0.00
____________________________________________________ VI. Under Section 10(10)
b) Value of Perquisites u/s 17(2) 0.00 Gratuity Exemption 0.00
(as per Form No 12BA, wherever applicable)
c) Profits in lieu of Salary u/s 17(3) 0.00
(as per Form No 12BA, wherever applicable)
____________________________________________________

Total Profits in lieu of Salary u/s 17(3) 0.00


____________________________________________________

Gross Salary (a + b + c) 2,252,303.00 Total Exempted Allowances 0.00


Annexure to Deduction under chapter VI A
Name and Address of the employer: Name and Designation of the Employee:
Infosys Limited Manisha Agarwal
Electronics City, Hosur Road Project Manager
Bangalore, 560100

Gross Qualifying Deductible Amount


Details of deduction under sec 80 C to 80 U
Amount in INR Amount in INR in INR
(A) Sections 80C, 80CCC and 80CCD

(a) Section 80C

(i) EPF 52,752.00

(ii) TOTAL [(i) to ( v)] 52,752.00 52,752.00

(b) Section 80CCC(Pension Fund) 0.00 0.00

(c) Section 80CCD(1)(NPS - Employee Contribution) 0.00 0.00

(d) Section 80CCD(1B)(NPS-Employee Contribution) 0.00 0.00

(e) Section 80CCD(2)(NPS-Employer Contribution) 0.00 0.00

Aggregate of deductible amounts under Chapter VI - A 52,752.00


FORM No.12BA {See Rule 26A(2)(b)}
Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu of salary with value thereof
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1) Name and address of employer : Infosys Limited
Electronics City, Hosur Road, Bangalore, 560100
2) TAN : BLRI01423C
3) TDS Assessment Range of the employer : ACIT 2(1)

4) Name of Employee : Manisha Agarwal


Employee Number : 00790781
Designation : Project Manager
PAN : AZCPA8024F
5) Is the employee a director or a person with substantial interest in
the company (where the employer is a company) : No
6) Income under the head "Salaries" of the employee : 2,201,403.00
(other than from perquisites)
7) Financial year : 2023-2024
8) Valuation of Perquisites
S.No Nature of perquisite Value of perquisite Amount if any recovered Amount of perquisite
(see rule 3) as per rules in INR from the employee in INR chargeable to tax in INR
(1) (2) (3) (4) (5) Col(3)-Col(4)

1 Accommodation 0 0 0
2 Cars/Other automotive 0 0 0
3 Perks on Employer contribution 0 0 0
4 Gas , electricity , water 0 0 0
5 Interest free or concessional loans 0 0 0
6 Interest on Employer contribution 0 0 0
7 Free or concessional travel 0 0 0
8 Free meals & Free Education 0 0 0
9 Gifts,vouchers etc. 0 0 0
10 Employer tax perks 0 0 0
11 Use of movable assets by employees 0 0 0
12 Transfer of assets to employees 0 0 0
13 Stock options ( non-qualified options ) 0 0 0
14 Value of any other benefit 0 0 0
15 Other benefits or amenities 0 0 0
16 TOTAL VALUE OF PERQUISITES 0 0 0
17 Total value of profits in lieu of salary 0 0 0
as per section 17 (3)

9. Details of tax: -
(a) Tax deducted from salary of the employee under section 192(1) 199,634.00
(b) Tax deducted by previous Employer 0.00
(c) Tax deducted on interest / other income 0.00
(d) Tax paid by employer on behalf of the employee under section 192(1A) 0.00
(e) Foreign Tax credit 275,746.00
(f) Total tax paid 475,380.00
(g) Date of payment into Government treasury *
* Refer to PART A of form 16 under Details of tax deducted and deposited into Central Government Account.
DECLARATION BY EMPLOYER
I, Veena Sanjay Chellappa D/o K R Subramanian working in the capacity of Senior Principal Finance do hereby declare on behalf of
Infosys Limited that the information given above is based on the books of account, documents and other relevant records or
information available with us and the details of value of each such perquisite are in accordance with section 17 and rules framed there
under and that such information is true and correct.
Signature of the person responsible for deduction of tax
For Infosys Limited

Authorised Signatory
Place: Bangalore Full Name : Veena Sanjay Chellappa
Date : 2 June, 2024 Designation: Senior Principal Finance
Annexure to Foreign Tax Credit

Employee number: 790781 Name: Manisha Agarwal

Details of income from a country or specified territory outside India, tax paid outside India and eligible foreign tax credit for the Financial
Year 2023-24

Tax paid outside India Credit claimed under section 90/90A

Sl. Countr Country Source Income from Amount Rate Tax payable on Article Rate of Amount Credit claimed Total foreign tax

No y Name of outside India (%) such income under No. of tax as under section 91 credit claimed

Code income normal provisions DTAA* per Amount

in India DTAA*

(%)

2 46 SWEDEN Salary 1,246,334.00 346,991.00 22.1245 275,745.00 15 22.1245 275,746.00 0.00 275,746.00

1,246,334.00 346,991.00 275,745.00 275,746.00 0.00 275,746.00


Total

Note: Foreign Tax Credit is calculated based on the Total Income as mentioned in the Part B form.
*DTAA - Double Taxation Avoidance Agreement.

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