CIRCULAR TO ALL THE EMPLOYEES OF

FRANCO-INDIAN PHARMACEUTICALS PVT. LTD.

SUB:- Employee Tax Exemption/Rebate Declaration for the FY 2021-22.

According to the income tax guidelines, income tax is deductible annually for each
financial year commencing from 1st of April and ending on the 31st of March. The
Employer has to deduct income-tax from the employee’s monthly salary on
proportionate basis and deposit in the Government Account before the due date
as prescribed by the Income-Tax Department and file Income-Tax Return
quarterly and annually. The aggregate tax calculated on the estimated/projected
income will be deducted proportionately in 12 months.

As you are aware, we have already provided you access to our SPINE HRMS
System for submission of your Income-tax Declaration, uploading investment
proofs, viewing and printing Salary Slip, Tax Projection Report and Form 16.
However we are once again providing the online link below for your ready
reference.

http://111.111.1.35:90/login.aspx – from within the Office premises.

http://223.30.2.237:90/ – from outside the Office premises.

You are requested to submit your Declaration ONLINE on or before 15-07-2021

positively so that proportionate income-tax could be deducted from the salary. In
case of non-receipt of any information it will be presumed that there are no
investments made by you for the purpose of Income-Tax benefits, except that of
Provident Fund and LIC premium which are deducted by us from the salary and
income-tax shall be deducted proportionately on monthly basis.

Please note that proof for all the investments and deductions/rebate of interest
paid on housing loan, the employees shall be required to submit the same by
ONLINE mode only on or before 31st January, 2022. The option for uploading
the proof under your login credential will be activated in the month of
December, 2021.

Non production of such evidence/proof shall make the employee ineligible for
deduction under Chapter VI-A and other exemptions/deductions from his/her
Taxable Salary.

For FRANCO INDIAN PHARMACEUTICALS PVT. LTD.

MANISH K. SINHA
Sr.GM – FINANCE

Encl : 1. Guidelines
2. List of PAN of Banks/Financial Institutions.
3. Declaration for Claiming 100% exemption in Housing Loan.