EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK

TABLE OF CONTENTS
CONTENT PAGE

SECTION1 : PAYROLL INFORMATION
A B C D E F G Important Payroll Dates Request to employees (important information) Important Contacts & Escalation Payroll Calculation and Process Salary Cut-off dates Salary Advance st Salary Pro-ration for employees joining after 1 April 2010 2 2 2 2 3 3 3

SECTION2 : FBP POLICY 2010-11
A FBP Eligibility (Maximum Limits) A1 FBP Eligibility Table A2 Important points for employees How FBP Woks (including working example) FBP Payment Process C1 Conveyance (Max 9600) C2 House Rent Allowance (Maximum 50% of Basic Salary) C3 FBP Claim against declaration (including working example) Conditions for Claiming FBP A Conveyance B House Rent Allowance C Driver Salary D Fuel E Vehicle Repair and Maintenance F Vehicle Insurance G Telephone Reimbursement H Broadband Reimbursement I LTA Medical Payment 4 4 6 6 7 7 7 7 7 8 8 8 8 9 9 10 11

B C

D

E

SECTION3: INCOME TAX 2010-11
A B C Important Terms in Income Tax Act relevant to Payroll Income Tax Rates Taxable Salary & Tax C1 Most Important Points C1A Example 1: Employee working with EMC for complete year (April 10 to Mar 11) C1B Example 2: Employee working with EMC for incomplete year (Apr 10 to Jan 11) C1C Example 3: Employee joining middle of year (Jul 10 to Mar 11) 12 13 13 14 15 16

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EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK
CONTENT D Exemptions & Deductions D1 HRA exemption D2 LTA Exemption D3 Housing Loan Interest Deduction (Section 24) D3A Self-occupied Property D3B Let-out Property D4 Chapter VIA deductions – Section 80s except 80C D5 Chapter VIII deductions – Section 80C D6 Tax Statement (Form 16) & Individual Tax Filing Process D6A Final Tax Calculation D6B Tax Certificate (Form 16) D6C Tax Filing D6D Penalties for Non-Tax Filing D6E Tax Filing Help PAGE

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SECTION4 : E-PAYROLL (PAYROLL DECLARATIONS & CLAIMS)
A FIRST TIME USER A1 A2 A3 A4 B New User Creation of Password (self) Confirmation of Password Creation Logon to e-Payroll 23 23 24 24

FORGOT PASSWORD B1 Resetting Password B2/3 Retrieval of password 25 25

C

FBP AND TAX DECLARATIONS / CLAIMS C1 C2 Logon the Page Selection of Claim / declaration type C2A FBP Declaration C2B FBP Claim – Other than LTA C2C FBP Claim – LTA C2D Investment Declaration C2E Medical Claim C2F Personal Information 26 26 27 28 29 30 31 32

SECTION5 : ESPP, ESOP AND RSU
A. B. C. D. E. ESPP Policy & Illustration ESOP RSU Important Points for ESPP / ESOP / RSU Retention Conditions for ESPP / ESOP / RSU 33 34 35 35 35 36

SECTION6 : EMPLOYEE SELF SERVICE – ADP E-PAYSLIPS

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EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK

SECTION1 : PAYROLL INFORMATION
A. IMPORTANT PAYROLL DATES
PARTICULARS Salary Transfer FBP & Medical reimbursements Investment declaration FBP declaration FBP claims other than LTA LTA claim Medical claim Investment Proofs Addl Inv. Proofs WHERE TO SUBMIT To employees Salary account To employees Salary account e-submission http://indiacoe/AppnaArea/Ap naArea.aspx Payroll e-Forms e-submission http://indiacoe/AppnaArea/Ap naArea.aspx Payroll e-Forms Ditto Ditto DATE On or before Last Working Day of month. Non accountholders get DD by 5th of following month Claims received till 10th are paid in same month Twice in a Year By 7th of the month See Section4 of this document By 7th of the month (received after 7th will be considered in next month payroll) See Section4 of this document By 5th Feb, 2010 By 5th Mar, 2010 PROVIDED BY ADP Payroll Employee Employee Employee Employee Employee Employee Employee

B. REQUEST TO EMPLOYEES
1. 2. 3. 4. Please adhere to cut off dates Please do send all your payroll related queries to India_payrollapj@emc.com Pl submit all the declrn online (http://indiacoe/AppnaArea/ApnaArea.aspx -> Payroll e-Form) Please drop all the claims in the designated drop box after filling the claims online

C. IMPORTANT CONTACTS & ESCALATION
Particulars Payroll/Tax queries Escalation – Level1 Escalation – Level2 Email ID india_payrollapj@emc.com gurulingappa_shadakshari@emc.com murthy_bulusu@emc.com Telephone No. +91-80-67376440 +91-80-67376437 +91-80-67376433 +91-80-67376431 Turnaround time Two working days One working day One working day

D. PAYROLL CALCULATION & PROCESS
Payroll is calculated based on number of calendar days employee worked in the month, denominator being number of days in the month e.g. Wherever employee is not working for full month, the salary is pro-rated & paid. However, if employee is on Privilege Leave or Medical Leave, the same is treated as Working day & salary is paid. 1. 2. Say, i n J une 20 10 employee i s on l eave without pay f or 10 day s; i n t his c ase employee i s pai d for 20 days Say, date of joining of employee is 20th June, 10; in this case employee’s salary is processed for 11 days i.e. from 20th to 30th June, 2010 alongwith July 2010 salary as salary for employees joining after 12th of the month is processed along with next month payroll.
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employees joining in the middle of the year. Arrears are processed in the next month payroll and salary advance is recovered from the salary. of months Emp worked Payable during the year Worked full year(Joined on or before 1st April 2010 240. 3 . the salary will be processed on a pro-rata basis.000 Tax co mputation i s a lso do ne ac cordingly.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK E. For example. SALARY ADVANCE There is a c ut-off date of 12th of month for salary processing. F. Employees joining between 1 3th and 25 th of the month will be pai d a s alary advance of around 65% of salary – details of the process are available under “F” section below. E mployees joining after 13 th of the month will are paid salary advance of approximately 60% of f ixed pay (Basic + FBP) f or the p eriod DoJ to end of the month. 2010 Salary is processed f or the financial year from April 2010 to March 2011 for tax calculation purpose.000 12 240. Particulars Annual Compensation No. For. if employee was working before joining EMC.000 10 200. The payroll cut-off date is 12th of every month for new joining: √ √ Employees joining before 12th of the month are paid salary in the same month on or before Last Working Day of the month. SALARY PRO-RATION FOR EMPLOYEES JOINING AFTER 1ST APRIL.000 Joining on 1st June 2010 240. G. B ut it i s e mployee’s r esponsibility t o r eport c omplete y ear’s income to Income Tax department & pay differential tax while filing tax return. SALARY CUT-OFF DATE EMC India payroll is processed in SAP by a Company called ADP and India Payroll team is contact point for ADP and Employees.

LTA claim twice in a block of four year (current block is Jan 2010 to Dec 2013) is non-taxable and remaining two times is fully taxable.000 24.600 Max 40% of (2) Basic Nil Nil Nil Nil Nil 24.000 21. t here i s Perquisite V alue ( PV) appl icable and t he s ame i s r ecovered f rom t he claim: A1 Table1: FBP Eligibility Table R&D – Flexible Benefit Plan <Associate Associate Principal Principal Engr Director & Engineer (APE)/ Mgr & Above (APE)/ Mngr Sr Mgr (Gr >56) (Gr <53A) (Gr 53A to 55) 9. Mumbai. T he f ollowing F BP components c an be c laimed as non -taxable by pr oviding requisite ex pense pr oofs.600 180.000 36. (1) (2) Please note that employees availing Car Lease plan are not eligible for Conveyance Exemption As per Income Tax Act. T hough t he following ar e non -taxable.000 60. Though the rent amount is more. Perquisite value guidelines yet to be released by Govt.000 24. ELIGIBILITY (MAXIMUM LIMITS) The el igibility limits & components hav e been f ixed dependi ng upon em ployees’ nat ure o f j ob and reasonability of such claims.000 36.000 60. Calcutta and C hennai) and 40% of bas ic for non-metros (other t han metro c ities) can be c laimed a s H RA f or the p urpose of c laiming exemption.000 24.000 21.000 24.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK SECTION 2 : FBP POLICY 2010-11 Flexible B enefit P lan ( FBP) m ain objective i s t o pr ovide f lexibility t o t he e mployees t o pl an a t ax-effective compensation s tructure by balancing t he m onthly net i ncome. yearly benef its and i ncome t ax pay able. there was an FBT @ 6. the same is restricted to 40% or 50% based on City As per Income Tax Act. t he r eimbursement i s s ubject t o F BP el igibility as of c laim dat e.000 36.600 Max 40% of (2) Basic 9.600 Max 40% of (2) Basic Sl.000 108.000 24. Actual eligibility of (3) (4) 4 .600 Food (4) Coupons st * Earlier till 31 March. FBP i s applicable to all employees but all employees are not eligible for all components due to nature of work. Components Perquisite a b c c d E f g h i j Conveyance Allowance House Rent Allowance Car Lease (Gr >54) (Principal Engineer & above only) * Driver Salary * Petrol * Vehicle Repair & Maintenance * Vehicle Insurance * Telephone * Broadband * LTA (3) (1) Ref1 Ref1 Ref1 Ref1 Ref1 Ref1 Ref1 Ref1 Ref1 Ref1 Ref1 25% of Annual OTE Please read the attached policy 72. 2009 with the introduction of Perquisite Value.600 9.000 36.000 21. No. A. a maximum of 50% of basic salary f or Metro Cities (Delhi.8% on these claims and effective April 01.000 180. the FBT has been abolished. 2009.000 60. 2009 th after the assent of the President of India on 20 Aug.

there was FBT @ 6.200 Car under Company Lease Program Expenses Sum of: 1. driver salary claim for April 2010 is Rs.8% . Whatever m ay be the c laim amount f or t he m onth.2. say.100 and PV is Rs 900 If Cubic Capacity of the Car Engine is >1.m.6 l itres. The P V i s added t o Taxable Salary.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK REF1 FBP Component Conveyance House Rent Allowance LTA Telephone Reimbursement Broadband Reimbursement Sodexho Coupon Car Expense Expenses Sum of : 1.800 p er m onth claim i s t ax f ree and t he balance i s treated a s PV. The PV is added to Taxable Salary. then tax free is Rs 1. upto R s. expenses claim for April 2010 is Rs 6000.2. F BT t hat ha s been r ecovered f rom e mployees w ill be refunded in Nov 2009 payroll) A limit of Rs 100 per day imposed Car in the employee name PV Calculation If Cubic Capacity of the Car Engine upto 1. then tax free is Rs 2.200 (15000+50001800) If C ubic C apacity of t he C ar E ngine > 1. The P V i s added t o Taxable Salary. Fuel PV Calculation If Cubic Capacity of the Car Engine upto 1.400 per m onth claim i s t ax f ree and t he balance i s treated a s PV.6 l itres.400 per m onth i s PV ( taxable) an d t he b alance i s taxfree. The P V i s a dded t o t axable Salary. Car Rental for April 2010 is Rs 15000 + Fuel Claim is Rs 5000.6 l itres.800 and PV is Rs. u pto Rs.8% .900 per month for any car is taxable and balance is tax-free say. Car Rental for April 2010 is Rs 15000 + Fuel Claim is Rs 5000.800 per m onth i s PV ( taxable) an d t he b alance i s taxfree. nei ther F BT nor Tax (earlier. up to Rs.6 l itres. Fuel 2.900 for any car is tax free and balance is taxable say.1. then taxable PV is Rs 2. expenses claim for April 2010 is Rs 6000.100 Driver Salary 5 . then tax free is Rs 5.400 and Tax-free amount is Rs 17. upt o R s. t he t axable amount is Rs 1. there was FBT @ 6. say.this has been abolished retroactive to A pril 20 09. upt o R s.800 and Tax-free amount is Rs 18. F BT t hat ha s been r ecovered f rom e mployees w ill b e refunded in Nov 2009 payroll) No PV – Broadband R eimbursement i s 1 00% tax f ree. Insurance No change See below table Status No change No change No change FBT abolished PV calculation Not applicable (old rule continues) Not applicable (old rule continues) Not applicable (old rule continues) No PV – Telephone R eimbursement i s 10 0% t ax f ree. then taxable PV is Rs 1.m. driver salary claim for April 2010 is Rs 6000. Whatever m ay be the c laim amount f or t he m onth.800 p.600 (15000+50002400) Out o f to tal c laim f or t he m onth.6000. say.400 and PV is Rs 3. t he t axable amount is Rs 2400 p. u pto R s. ne ither F BT nor Tax (earlier.4. Lease Rental 2. then tax free is Rs 900 and PV is Rs 5. say. Repair & Maintenance 3.this has been abolished retroactive to A pril 20 09.1.600 Driver Salary Out of t otal claim f or t he m onth.

em ployee c an dec lare estimated FBP expenses not more than “FBP as per letter less Rs 9600 less Car Lease. 20 10 does not submit the declaration in April 2010.e. employee c laims LT A & Telephone bi lls w orth o f 70.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK A2 IMPORTANT POINTS FOR EMPLOYEES (PLEASE NOTE THAT ALL CLAIMS & DECLARATIONS MUST BE DONE VIA ePAYROLL TOOL. 6 . say employee’s FBP is 1. the revised amount is taken from the date of declaration. If em ployee does not dec lare F BP and w ishes to c laim FBP r eimbursements in t he middle of t he year. em ployee with E MC before or from 1st A pril. should be approved by Payroll Manager (i. Conveyance am ount need n ot be dec lared as t he t ax b enefit for t he s ame i s given by def ault as per provisions of Income Tax and this amount is not held back with company as no proof of expense is required for conveyance allowance upto Rs 800 per month.e. The FBP amount can be made nontaxable if employees declare their approximate FBP claims for the year and subsequently claim the declared amount by submitting expense bills: • • Declarable FBP amount is Total FBP amount in appointment / salary revision letter less Conveyance less Car Lease Rental. HOW FBP WORKS All the employees will have certain amount of FBP as part of their appointment / salary revision letter which has been structured depending upon OTE and current basic salary. IF ANY EMPLOYEE IS NOT ABLE TO USE THE TOOL AND SUBMITS IT THROUGH PHYSICAL FORM. In Nov 2010.000 per month. 000. B. in the normal circumstances.20.50. 2011 will be paid as taxable in March 2011 salary. the same is considered from June 2010 and whatever paid as taxable will not be reversed. o FBP claim is strictly reimbursed based on original bills received and av ailable FBP declaration balance • • • • • Any unclaimed FBP for the period 1 st April 2010 t o 31st March 2011 as of 31st March. if employee is submitting physical form) FBP declaration is accepted twice in a year (Original + Revision) In case of revised declaration. Declaration ar e not ac cepted retrospective i. Exceptions.e.aspx -> P ayroll e -Forms. he will be paid FBP as taxable till he / she submits the declaration. If he submits the declaration in June 2010.000 only.000 and has not declared any FBP projections. he will be entitled for tax free FBP for Rs. then the claim is processed subject to availability of unclaimed FBP amount for the rest of the period in the year i. wherever applicable. if any. if any ” via http://indiacoe/AppnaArea/ApnaArea.000 only. S ince t he em ployee has been pai d R s 70. therefore.000 (Apr to Oct 09). employee will be paid Rs 50. employee would have received Rs 10. In this case. whatever FBP is declared in June 2010 is pro-rated for 10 months and paid. THE APPROVED BY PAYROLL MANAGER) SAME SHOULD BE • Based on F BP c omponent i n t he appoi ntment / s alary r evision l etter.

No adjustments of claims are allowed.12. please declare the said estimated expenses by Component.12.000 Broadband.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK • HRA will be paid in Payroll as non-taxable. no proofs required till Feb 11. Say. t he c omplete c laim ex cept w rong bi lls is reimbursed whenever employee submits claim during the year . in Feb 11 rents receipts are required – separate communication will be sent in Feb 2011 C3 FBP Claim against declaration .000 as Telephone and Rs 12. if employee fills FBP declaration and Investment Declaration via Payroll e-Forms.Excess payment.000 75. . if any. A Conveyance Allowance 7 .000 Recovery from settlement A÷12 X 6 B minus E D CONDITIONS FOR CLAIMING FBP (PLEASE NOTE THAT ALL CLAIMS & DECLARATIONS MUST BE DONE VIA ePAYROLL TOOL.The entire declaration amount can be claimed any time during the year. Example: FBP declaration FBP claims till Aug 08 (paid by EMC) Employee's date of leaving EMC Number of months worked with EMC Actual FBP eligibility Excess FBP paid A B C D E F 120. he will be paid Rs.Though t he dec laration is for t he complete y ear. IF ANY EMPLOYEE IS NOT ABLE TO USE THE TOOL AND SUBMITS IT THROUGH PHYSICAL FORM.aspx -> Payroll e-Form -> FBP and Investment Declaration.600) Paid @ R s 800 per m onth t hrough P ayroll w hich i s non t axable. FBP PAYMENT PROCESS: C1 Conveyance (Max 9.000 30-Sep-09 6 Apr to Sept 09 60. T he conveyance exemption is not allotted employees under Car Lease Plan. THE SAME SHOULD BE APPROVED BY PAYROLL MANAGER) S# COMPONENT BASIC CONDITIONS • All employees are eligible for conveyance Allowance • Conveyance @ Rs 800 per month is exempt from tax • Employees under Car Lease Plan are not eligible for Conveyance exemption • Employee need not to declare the amount for conveyance as the benefit is given automatically as per provisions of Income Tax • Amount is paid through monthly payroll Claim Proofs No proof required.000 15. due to any reason will be recovered from employee’s salary . B ut he c laims Rs 12. proofs (original rent receipts + Copy of lease agreement) are required in February 2011 Please e stimate t he el igible F BP ex penses under abov e c omponents as per T able1 dependi ng upon your grade for the period Apr 10 to Mar 11.000 towards Broadband. C2 House Rent Allowance (Maximum 50% of basic salary) Paid as non t axable allowance on t he bas is o f declaration in http://indiacoe/AppnaArea/ApnaArea.Excess payment generally happens when employee leaves EMC in the middle of the year. no need t o declare. However. I n this case.000 towards Tel and Rs 24. employee declares Rs 24. Unclaimed FBP amount will be paid as taxable allowance in March 2011 payroll Total FBP as per compensation letter is split into the following • • • C.000 as Broadband.000 Telephone and Rs.

600/B House Rent Allowance • Declrn needs be submitted online http://indiacoe/AppnaArea/ApnaArea.Ee to declare Cubic Capacity of Car Engine via http://indiacoe/AppnaArea/ApnaArea.aspx -> Payroll e-Form -> FBP Claim . please submit the receipt of Mar by 10 Mar. • Via http://indiacoe/AppnaArea/ApnaArea. in case of payment by Credit or Debit Card. PAN of owner is mandatory) or Rental agreement is required Basic conditions Claim Proofs S# Component • APE (Grade 53A) & above employees are eligible for Driver Salary • Car should be in employee’s name only or under Company Car Lease scheme C Driver Salary • Bills pertaining to the period starting from “1 April 10” OR “date of joining” OR “date of promotion from <APE to APE or above” whichever is latest to March 2011 are accepted.aspx -> Payroll e-Form -> FBP Declaration • Declaration also needs to be submitted online http://indiacoe/AppnaArea/ApnaArea. th th st .EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK • All employees are eligible for HRA • Employee can declare upto 50% of basic salary as HRA to the extent amount available under FBP after reducing Conveyance of Rs 9.Driver Salary receipt in original.Bills in original.. • Since cut-off date for claim is 7 . • Via http://indiacoe/AppnaArea/ApnaArea. • Via http://indiacoe/AppnaArea/ApnaArea.Employee’s license & RC copy at the time of first claim after eligible Proofs . one receipt for each month required • APE (Grade 53A) & above employees are eligible & Employee on Car Lease Program are not eligible • Car should be in employee’s name only or under Company Car Lease scheme D Fuel • Bills pertaining to the period starting from “1 April 10” OR “date of joining” OR “date of promotion from <APE to APE or above” whichever is latest to March 2011 are accepted. • APE (Grade 53A) & above employees are eligible & Employee on Car Lease Program are not eligible • Car should be in employee’s name only – not applicable to Car Lease cases • Bills pertaining to the period starting from “1 April 10” OR “date of joining” OR “date of promotion from <APE to PE or above” whichever is latest to March 2011 are accepted.aspx personal info section Claim Proofs Employee’s license & RC copy at the time of first claim after eligible Driver’s license & RC copy at the time of first claim after eligible or if there is any change in Driver.aspx -> Payroll e-Form -> FBP Claim .000 p.aspx -> Payroll e-Form -> FBP Claim • Please take print out of online form and submit the original bills st st E Vehicle Repair and Maintenance 8 .Ee to declare Cubic Capacity of Car Engine via http://indiacoe/AppnaArea/ApnaArea.m. claim is rejected. still bills are required – otherwise.aspx personal info section Claim .aspx -> Payroll e-Form -> inv Declrn • The above non-taxable benefit is given based on declaration till Jan 2011 At the time of leaving or in Feb 2011 (year end communication will be sent in Feb 2011): 1 month rent receipt for each quarter (if rent is >Rs 10.

• Reimbursement is for one connection only • If employee has corporate connection and expenses of the same are reimbursed by Company. Name in the bill and agreement needs to matched st G Telephone Reimbursement • All employees are eligible for Broadband reimbursement Broadband Reimbursement H • Bills of Feb / Mar 10 paid in April 2010 by Emp (if not claimed before) will b e accepted • Reimbursement is for one connection only & for data related expenses • Photocopy of bills & print-out of online bills without URL Link are NOT accepted 9 . employee to provide the details to calculate actual reimbursement. . • Photocopy of bills & print-out of online bills without URL Link are NOT accepted • Late payment charges or any deposits are not reimbursed • In case the connection is in parents / spouse name. • Via http://indiacoe/AppnaArea/ApnaArea.Photocopy of premium receipt – Car lease cases are not eligible • All employees are eligible for Telephone Reimbursement • Employee can also claim mobile bill expenses if telephone expenses are not claimed. then lease agreement needs to be submitted along with original bill. • PE & above employees are eligible & Employee on Car Lease are not eligible • Car should be in Ee’s name only. The mobile connection should be in Employee’s own name only. URL Link shown at the bottom of the bill – otherwise claims will not be processed – complete bill including calls details is required Claim Proofs If the employee stays in rented accommodation & connection is in the name of owner.Ee to declare Cubic Capacity of Car Engine via http://indiacoe/AppnaArea/ApnaArea. not applicable for employees on Car Lease F Vehicle Insurance • Bills pertaining to the period starting from “1 April 10” OR “date of joining” OR “date of promotion from <PE to PE or above” whichever is latest to March 2011 are accepted.aspx -> Payroll e-Form -> FBP Claim • Please take print out of online form and submit the original bills • The billing address should be in the city where employee is employed.aspx personal info section Claim Proofs.Original bill received by courier OR PDF format if received on email OR Downloaded invoice from website with uniform resource locator i.aspx -> Payroll e-Form -> FBP Claim • Please take print out of online form and submit the original bills .aspx personal info section Employee’s license & RC copy at the time of first claim after eligible Bills in original required – Car lease cases are not eligible Claim Proofs If partial claim received from Insurance Company. written declaration stating that the telephone is being used by employee & the same has not been claimed by them along with original bill needs to be submitted • Via http://indiacoe/AppnaArea/ApnaArea.Employee’s license & RC copy at the time of first claim after eligible .e..EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK Ee to declare Cubic Capacity of Car Engine via http://indiacoe/AppnaArea/ApnaArea. then employee cannot claim any Telephone expenses • Bills of Feb / Mar 10 paid in April 2010 by employee (if not claimed before) will be accepted • Prepaid charges are also acceptable subject to providing Vendor’s invoice which should clearly state the employee’s mobile / telephone number.

Name in the bill and agreement needs to matched • In case the connection is in parents / spouse name. hence claim is processed for this trip. then lease agreement needs to be submitted along with original bill. URL Link shown at the bottom of the bill – otherwise claims will not be processed – complete bill including calls details is required Claim Proofs If the employee stays in rented accommodation & connection is in the name of owner. in this trip Bangalore – Delhi – Bangalore the single farthest trip by shortest route. boarding.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK • Late payment charges or any deposits are not reimbursed • If the employee stays in rented accommodation & connection is in the name of owner. if the employee’s family member travel without employee. written declaration stating that the broadband connection is being used by employee & the same has not been claimed by them along with original bill needs to be submitted • Via http://indiacoe/AppnaArea/ApnaArea. local transportation etc. 2010 is eligible for the claim. then lease agreement needs to be submitted along with original bill. • Via http://indiacoe/AppnaArea/ApnaArea. Company may seek more documents) Travel by Air : Original Ticket and Boarding Pass Travel by Cab : Original invoice. Trip Sheet etc of Cab company st I LTA 10 . LTA exemption (non-taxable) can be claimed twice (2 times) in a block of four years (current block is Jan 2010 to Dec 2013) • Amount spent after 1 April. brother & sisters • The employee should be part of the travel. The calculation for this trip is done by Payroll. • The receipts should be in the name of employee • LTA can be claimed for Spouse. the claim will not be processed. Children and wholly & mainly dependent parents. s ay em ployee t ravels B angalore t o C alcutta t o D elhi t o Bangalore. are allowed.e. the claim is processed for the single farthest destination by shortest r oute.aspx -> Payroll e-Form -> FBP Claim • Please take print out of online form and submit the original bills Please read LTA rules carefully under D2 in Section 3 of this document Claim Proofs LTA form duly approved by HR for leave Travel by Train : original train ticket (in case of internet ticket. • In case of round trip. • Employee has to be on leave for minimum 2 working days • Exemption is allowed only for travel expenses and no other expenses viz. Name in the bill and agreement needs to matched • All employees are eligible for LTA claim • As per Income Tax Act.aspx -> Payroll e-Form -> FBP Claim • Please take print out of online form and submit the original bills • The billing address should be in the city where employee is employed . lodging. Duty Slip.Original bill received by courier OR PDF format if received on email OR Downloaded invoice from website with uniform resource locator i.

st st st Mar. will be recovered from full & final settlement. In case employee leaves the company before 31st March. 1961.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK E MEDICAL PAYMENT Medical of Rs. require written proof of medical necessity from your Doctor. pr escription dr ugs or s ervices deem ed c osmetic i n nature. sisters & brothers are accepted. Bills pertaining to the period 1 April 2010 or date of joining if employee joining from 1 April 2010 to 31 st 2011 are accepted.15. B P m easuring instrument. Bills pertaining to period prior to 1 April 2010 are not accepted. 000 p er ann um a gainst bi lls as n on-taxable. • • • • • • • • • • • • • Homeopathy c onsultation & t reatment expenses Allopathy consultation & treatment expenses Birth control pills Chiropractic care Contact lenses (corrective)* Dental fees* Diagnostic tests Doctors’ fees Drug addiction / alcoholism treatment Drugs (prescription and some over-the-counter nonprescription only*) Eyeglasses (corrective)* . dispensary *To be e ligible f or r eimbursement. medical claim upto Rs 15.not frame Hearing aids & examinations Injections and Vaccinations • • • • • • • • • • Optometrist fees Orthodontic treatment* Prescription drugs t o al leviate n icotine withdrawal symptoms Smoking cessation treatments Surgery* X-ray fee Bone density screenings tests Vitamins and nutritional supplements Purchase* of m edical eq uipments on D octor’s prescription viz. spouse. Unclaimed balance amount is paid as taxable in Mar 2011 salary or along with full & final settlement. A s per provisions of Income Tax Act. N ebulizer. Bills in the name of self. 2010. RMP at any clinic. 11 Eligible Expenses The following is a partial list of expenses that are reimbursable tax-free in a Medical Reimbursement with relevant supportings. Wheelchair Consultation fees incurred towards GMP.000 against expense proofs is non-taxable. Please read the following: • • • • • • • • Claim medical ex penses upt o R s 15. if st employee leaves the company before 31 Mar. children and wholly dependent parents.000 per annum is part of employee’s compensation. if any.aspx -> Payroll e-Form -> medical claim Original bills alongwith online form should be submitted for payment Bills submitted on or before 10th of month are reimbursed in the same month and bills received after 10th will be reimbursed immediate available payroll month.000 on submission of bills i rrespective of t he month i n which the claim is made. claim should be via http://indiacoe/AppnaArea/ApnaArea. the excess payment. m itigate or pr event a m edical condition 11 . Glucometer. Ineligible Expenses • Insurance premiums • Health or fitness club membership fees • Cosmetics • Cosmetic s urgery not de emed medically n ecessary to a lleviate. s ome t reatments. The ent ire claim is r eimbursed upt o R s 15.

e. Here employer knows the future income till March 2011 Tax Deducted at Source. therefore DDO projects the basic salary upto Mar 10 and calculates the tax on the same. then this income is treated as current year income though the same pertains to previous year. Tax on s alary. FBP / Medical claims where salary tax is not applied. Current Salary Year i. employee’s Taxable Salary is 5. deposit the same within due date.000 and pay the balance of 35.e. this is applicable on salary reimbursements viz. Employee is called assessee as Income Tax department may assess the employee’s income & tax.e. IMPORTANT TERMS IN INCOME TAX ACT RELEVANT TO PAYROLL Term Description DDO Assessee Previous Year Assessment Yr Income Income Tax Also called Average Tax Drawing & D isbursing Officer. All the investments / expenses where employee claims exemptions / deductions must be made out of salary income only.000 Fringe Benefit Tax. Say. Say.000 per month which generally does not change during the year. taxable FBP.000 is added to taxable salary and tax of 15. he is in 30% bracket as per below tax table) and he gets bonus in the month of Sept 08 of Rs 50. exemptions. s ay c ompany announc ed an aw ard i n Feb 2010 and t he same was not paid before Mar 2010 and is paid in April 2010. The returns need to be filed around Jun / July timeframe with local Income Tax Deptt Permanent A ccount N umber is mandatory f or i ssuing F orm 16. In this case. Employer will deduct 30% tax from the bonus of 50.000. deductions. E . Abolished effect 1st April. April 2010 to March 2011 Following year of current salary year i. April 2011 to March 2012 Income received during the salary year i.e. April 09 to Mar 10. t here ar e s ome penal ties l evied by Income Tax TDS FBT Form 16 Saral Form PAN 12 . TDS deduction and deposit. I t i s r esponsibility of employee t o p rovide t he P AN d etails t o E mployer. t his i s E mployer i . based on Form 16 issued by the employer. Employee is solely responsible for getting the income & tax assessed by the Department. if there is any amount of previous year which employee receives during the current year.g. t here i s an average t ax deduc ted bas ed on pr oject i ncome w here t he DDO knows the future income viz. tax calculated as per applicable slabs per the below table.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK SECTION3 : INCOME TAX 2010-11 A. employee basic salary is 20. verify employee’s investment / expense proofs & check the authenticity of the same etc. employee has to file the Tax R eturns i n S aral F orm by pr oviding s ome per sonal i nformation al ong w ith a l ittle Form 16 information. deduct the same from payment and pay the net amount.00. EMC provide Form 16 detailing all salary earnings. The certificate is generally issued after completion of current year Individual Tax Filing.000. 2009 Tax certificate. Basic Salary. DDO projects the income till March 2011.000 (therefore. E MC who i s R esponsible t o deduc t correct taxes. 2009 after the assent of the President of India on 20th August. the income of 50.000 is added to taxes that means his net payment is 35. then the same is treated as c urrent year i ncome. calculates the tax on the yearly income and deducts the tax on monthly.

00. employee has to recalculate the taxes at the time of filing returns.000 190.000 20% (EFFECTIVE TAX RATE 20. The rates shown in the below table are applied on Taxable Salary.000 30% (EFFECTIVE TAX RATE 30. • • 13 . pl ease pr ovide i nvestment pl an i n t he begi nning of y ear and s ubmit pr oofs o f investments in Feb 2011 - Late submission of proofs i.001 to 8.001 to 500.000 Above 8.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK B. 2009. Please remember that in case employee works with two companies in a year. Therefore. Every employer gives this benefit while calculating tax. EMC treat that there is no investments and deduct tax accordingly). if the Taxable Salary was > INR10 lacs.001 to 800. 1961.000 10% (EFFECTIVE TAX RATE 10. *Please note that tax exemption on Taxable Salary is allowed once in a year.001 to 500. 2009 but Education Cess (Cess) of 3% remains unchanged.3% INCLUDING 3% CESS) 160. submitting the same in Mar 2011 • As per Income Tax Act provisions. there are stringent restrictions on E mployer to make any manual adjustments in employees’ taxes. instead of submitting proofs in Feb 2011. refund from EMC is not possible and employee has to apply for the refund in t he t ax filing.000 Male Employee Below 65 years age Female Employee Below 65 years age st Till 31 March. C.000 190. t he i ncome t ax i s c alculated as per I ncome T ax A ct. Entire am ount i s not s upposed t o be t axed.00. e mployee’s c ash f low w ould get di sturbed. INCOME TAX RATES TAX RATES ON TAXABLE SALARY – ANNUAL SALARY ASSESSEE TYPE ANNUAL EXEMPTION AMOUNT* 160. 2009. Effective April 01. the Surcharge has been abolished with the assent of the Finance Bill 2009 by the th President of India on 20 Aug. there was a Surcharge of 10% on Tax. nor mally r efund from t he I ncome T ax Department w ould t ake c onsiderable t ime.e. Possible r easons of ex cess tax deduc tion are: - Not s ubmitting i nvestment d eclaration i nitially and s ubmit t he proofs i n Feb 20 11 (here till Jan 2011.9% INCLUDING 3% CESS) Above 800.000 5. there will be an adjustment of one exemption while calcating the final tax by the latest employer if employee give previous employer income and if not. TAXABLE SALARY & TAX C1. MOST IMPORTANT POINTS • • • Please read all the documents sent by Payroll Please avail all possible tax benefit as and when basis Once the tax is deducted.00. What is taxable salary? Below are working examples to calculate taxable salary & tax on the same There are different Scenarios for calculating tax which are explained in the coming sections of this document. more ov er.6% INCLUDING 3% CESS) 500.

000 540.000 >500.000 60.000.200 20.000) in case of self occupied Section 80C deduction Maximum allowed is 1.000 13. 12% of 3.000 I+J+K+L A x 12% H I J K L F-G-H 290.000) (100.000 (150.000 30.000 10% 20% 30% 13.000 Exemptions - Amount 360.000 120.000 PF Employee contribution LIC PPF Housing Loan Principal TAXABLE SALARY Tax Calculation Taxable Salary Non-taxable 160.40.e.001 to 800.60.60.000 168.000 500.Taxable MBO Gross Taxable Income Housing Loan interest (Max 1.20.000.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C1A Example 1: st st Employee (Male) working with EMC for complete year i. FBP–2.50.000) 200.000 160. EMC PF–43.000 75.e.000 - 290.000.000 TOTAL TAX FOR THE YEAR B-C A+D+E Ref A B C D E F G Calculation 240. 1 Apr 2010 to 31 Mar 2011 Salary as per letter : Basic–3.000 180. Medical–15.000 130.000 14 .001 to 500.000 does not come into taxable salary purview as the same is directly deposited with PF Department Particulars Basic Salary FBP as per letter FBP claims FBP .200 43.200 EMC PF i. MBO–1.000.00.

000.000 500.000 - 170.000.Maximum allowed is 1. st Salary as per letter : Basic–3.000 (See Note 2 below) PF Employee contribution LIC PPF Mutual Fund TAXABLE SALARY Tax Calculation Taxable Salary Non-taxable (See Note 3 below) 160.000 10. 12% of 3. 10% and 20% slabs. EMC PF–43.000 30. non t axable s alary. y our e ntire i ncome i n ne w em ployer w ill be in 3 0% bracket a nd secondly.000 F-G-H 170.000. EMC have given all the tax benefits.000 1.50.000 does not come into taxable salary purview as the same is directly deposited with PF Department Particulars Basic Salary (Apr 07 to Jan 08) .000 20.000) B-C A+D+E 200.Taxable MBO . at the time of leaving EMC. pl ease do provide Form12B along with tax computation sheet issued by EMC to the new employer.001 to 500.10 months Gross Taxable Income Housing Loan interest (Maximum 1. 2 011. ev ery c ompany c alculates t ax gi ving bas ic ex emption i .000 Note 1 : Since the annual limit of Housing Loan interest is 150000 which has been given by EMc.10 mths FBP per letter (Apr07 to Jan08) .000) (100.200 EMC PF i. • Please review the below example thoroughly and revert to Payroll if any clarifications required. you ar e at t he 30% brackets.000 420.(Apr 07 to Jan 08) .20. 1 Apr 2010 to 31 Jan 2011 IMPORTANT POINTS • Employee leaving E MC j oins new c ompany bef ore 3 1 March. employee should not claim any further amount and should declare to new employee Note 3 : Since the non-taxable exemption is 110000 which has been given by EMC in full.000 (150.001 to 800. MBO–1. FBP–2.000) (See Note 1 below) Section 80C deduction . employee should not claim any further amount and should declare to new employee 15 .e. Medical–15.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C1B Example 2: st st Employee working with EMC for incomplete year i.000 180.000 20.e.000 100.000 36. Generally.e.000.000 160.60.10 mths FBP claims FBP .000 20.000 10% 20% 30% 1.000 106.00.60.40. whereas these benefits are available once in a year. employee should not claim any Interest from the new employer and this is applicable for Self occupied property only Note 2 : Since the annual limit of Section 80C is 100000 which has been given by EMC in full.000 - Amount 300.000 TOTAL TAX FOR THE YEAR I+J+K+L A x 12% Ref Calculation Exemptions A B C D E F G H I J K L 200.000 >800.

if any Note 2 : Maximum interest benefit allowed is 1. 12% of 3. If em ployees s ubmit F orm12B at t he t ime of j oining E MC.000 170.000.00.000 125.000 70. t heir ann ual t ax will be ac curate or el se they have to pay differential tax at the time of filing tax returns Please review the below example which explains how your tax computation for the year works-out if you work in 2 companies during the financial year i.000 Gross Taxable Income (See Note1 below) 160.000) Note 2 below) In case of self occupied only Section 80C deduction .000 10% 17.000 FBP per letter (Jul08 to Mar09) .000 FBP claims FBP .000 (See Note 3 below) PF Employee contribution 1 12. EMC PF–43.000 500. Medical–15.000 120.001 to 500.50. e mployee ha s t o pay t axes on on e t ime b enefit a s t he ba sic benefits are given once in a year.40.000) (See 60.60.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C1C Example 3: Employee joining middle of year i.50.000 Tax Deducted 9.000 30% TOTAL TAX FOR THE YEAR 17. PPF etc.000 MBO .000 Non-taxable (See Note 4 below) 160. form 12B will not be accepted Note 1 : Gross Taxable income of previous employer should be after deduction under Section 10 (Like HRA / Conveyance.000. If employee does not provide st Form 12B. therefore.000.000 45.000) 1.(Jul08 to Mar09) . EMC will calculate Tax based on employee’s income from Date of Joining to 31 March.e.000 TAXABLE SALARY 330.000 does not come into taxable salary purview as the same is directly deposited with PF Department • • Particulars Calculation Basic Salary (Jul08 to Mar09) . have been submitted.9 mths 210. MBO–1.20.000 Tax Calculation for the complete year Taxable Salary 330.000 25. at t he time of filing r eturns.000.e.200 (100.000 Housing Loan interest (Maximum 1.Maximum allowed is 1+2+3+4 21.000 PPF 3 25.000 Balance Tax Deductible 8.000 Please submit Form 12B along with Tax Computation sheet signed by previous employer.000 (150.000 20% >800.000 Housing Loan Principal 4 9.200 EMC PF i. leave encashments. April 2010 to March 2011 Salary as per letter : Basic–3.9 months 70. Without signed computation sheet. Gratuity etc).000. please provide tax computation sheet issued by prev employer Note 3 : If any proofs like LIC. FBP–2.9 mths 140. 2011 by gi ving al l b asic be nefits w hich might hav e be en given by em ployee’s pr evious em ployer.000 160.200 LIC 2 30.001 to 800. hence.Taxable 140.000 420.e.000 140.000 580. please get the confirmation from prev employer Prev employer - EMC Total 16 .000 210.60. 1 July 2010 to 31 Jan 2011 st st IMPORTANT POINTS • It is informed that it is employee’s individual responsibility to file the correct tax return. employees joining middle of the year are requested to submit Form 12B along with Tax Computation st sheet for the period starting from 1 April 2 010 to da te of l eaving t he pr evious c ompany. It is employee’s responsibility to declare the previous employer’s income.

000 17 . (d) the residential accommodation occupied by the employee should NOT be self-owned CALCULATION As per provisions of Income Tax Act.000 a x 40% c -(ax10%) 12.000 5. Delhi. if he / she spends the amount from the respective allowance.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK D EXEMPTIONS & DEDUCTIONS As per provisions of Income Tax Act. then you will get the HRA exemption.000 Bangalore 10. D1 HRA EXEMPTION : SECTION 10(13A) BASIC CRITERIA (a) should have one of the allowances as House Rent Allowance in the compensation Employee has to declare HRA amount out of FBP (R&D employees) & Transport Allowances (Sales) (b) should stay in rented accommodation and pay rent for the same (c) should submit signed original rent receipt issued by house owner along with copy of the Lease Agreement when payroll asks for the same. HRA calculation: Rule1 : Actual HRA received in Salary Rule2 : 40% of basic since residence in Bangalore (non-metro) Rule3 : Rent . the following exemptions are allowed to employees if they spend out of the respective allowances towards same purpose i. Calcutta & Chennai) 40% of basic salary in case employee stays in non-metro (other than above metros) Rent paid by employee less 10% of basic salary For better understanding below is the example for an employee: Basic Salary (per month) HRA Declaration out of FBP Employee paying rent to Owner Employee Residence City Based on the above information. e. the HRA exemption is considered Minimum out of the following three calculations: Rule1 Rule2 Rule3 Actual HRA received (amount declared by employee out of FBP) 50% of basic salary in case employee stays in Metro (Mumbai. LTA for Personal Travel etc. there are some exemptions allowed to employee. If you have House Rent Allowance and spend some amount from the HRA for paying rent.000 8.g. HRA for Rent.e.10% of basic salary Minimum out of above three rule is exempt from tax a b c 30.000 10.000 5. At EMC.

if employee travels from Bangalore to Calcutta to Delhi to Shimla to Bangalore. s ay e mployee t ravels by t axi t o M umbai al ong w ith el igible family m embers ( total 5 members) and spends 30. If employee travels by taxi. The exemption is allowed for the farthest destination by shortest route. H ence.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK D2 LTA EXEMPTION : SECTION 10(5) BASIC CRITERIA • • • • The exemption is allowed two times in a block of 4 years.000. 1997 Amount of air economy fare of the National Carrier by the shortest route or the amount spent. whichever is less Amount of air-conditioned first class rail fare by the shortest route or the amount spent.000 only. c hildren and w holly dependent p arents. current block is Jan 2010 to Dec 2013 The exemption is admissible in respect of amount spent on journey only The ex emption i s ex tended to em ployee’s s pouse.000 per person and the total is 2000 x 5 x 2 = 20. whichever is less Air-conditioned first class rail fare by the shortest route (as if the journey had been performed by rail) or the amount actually spent. In this trip. s isters and brothers. photocopies are not accepted along with online submission form To submit the form online http://indiacoe/AppnaArea/ApnaArea. • • • CONDITIONS PRESCRIBED FOR QUANTUM OF AMOUNT Different Situations Amount of exemption if journey is performed on or after October 01. the quantum of amount is calculated based on Air-conditioned First Class Train F are. The A/c first class fare to Bangalore to Mumbai is 2. ex emption is c alculated for this destination. employee is given rail exemption of 20.g.000. whichever is less Amount of air-conditioned first class rail fare by the shortest route or the amount spent.aspx -> Payroll e-Form -> FBP Claim and print along with original bills. Employee should be on leave for minimum of 2 working days All the tickets must be originals. employee must accompany in the travel. whichever is less • 18 . e. if employee goes directly without round t rip. whichever is less Where journey is performed by Air Where journey is performed by Rail Where the places of origin of journey and destination are connected by rail and journey is performed by any other mode transport Where the places of origin of journey and destination (or part thereof) are not connected by rail • Where a recognized public transport system exists Where no recognized public transport systems exists First class or deluxe class fare by the shortest route or the amount spent. S himla i s t he farthest des tination by s hortest route.

from June 10 to Mar 11 – 10 months. construction. em ployee c an av ail bene fit on hous ing loan upto an interest amount of Rs 1. i f a n employee joining in June 09 and the housing loan interest for the year is Rs. employee has to provide Computation to the employer. 1999 and t he hous e is s elf-occupied. repair etc. the interest paid in the FY 2010-11 can be claimed in 5 installments from the year of possession of property In c ase o f m id-year joinees.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK D3 HOUSING LOAN INTEREST DEDUCTION : SECTION 24 D3A Self-occupied Property As per pr ovisions of S ection 24 of I ncome T ax A ct. t he i nterest benef it is upto Rs. the interest benefit is restricted to Rs. An employee has his own house.30. In this scenario.50. is in Mumbai and he has been appoi nted f or Bangalore Centre where he has taken a rented accommodation for his stay.20. then he can claim housing loan interest benefit for Mumbai property and HRA exemption for Bangalore house.20. Construction / possession should be completed before 31st March. there is no limit of interest and employee has to declare the actual rental income which should be r easonable. for which housing loan has been t aken. • If employee submits Form12B and certificate of previous employer stating that the interest benefit has not been given.00. then the interest benefit for Rs.1.000/-. E. The following are some important points: • • • If t he l oan i s t aken after 1s t A pril.only.150. 1999. The loan can be taken for purchasing dwelling property.1. 2011 to get interest benefit Pre-construction interest in previous years can be claimed in 5 subsequent years. the employee can claim HRA exemption f rom April 10 to Feb 11 as well as interest paid / payable from June 10 to March 11 - 19 .e.g. ei ther H ousing Loan I nterest or H RA ex emption. If the house is let-out property. I f em ployee w ishes. • • • • Housing loan interest benefit as well HRA exemption can be availed in the following 2 cases: Due to employment reason. then the employee can claim housing loan interest benefit as well as HRA exemption for rented house e. Please note that NCR and Delhi are treated as one location (as per company policy). t he pr o-rated i nterest w ill be gi ven as benef it u/ s 24.can be given. in duly filled Form 12C. if an employee stays in other location in rented accommodation.e.g if the loan has been taken in the FY 2010-11 and the construction is completed after March 11.000/.000 If the loan is taken before 1st April.1. 1961.000/.e. i .000. Company will give only one benef it i .000/. he can claim the other benefit at the time of filing his individual return Interest on pr e-construction dur ing t he F Y 20 09-10 can be c laimed al ong with H RA exemption i. then he would be given an interest benefit of Rs. say a n e mployee has taken loan in the month of June 10 for the f lat under construction and he would get the possession in the month of Feb 2011.

employee has 3 houses on loan.000) (295.000) 20 . there is no limit for interest benefit.000 110.000) 100.000 60.000) (2.40.000 1.50.000 (30. In this case.000 Prop 2 Let-out 2.00. the below is the example: Particulars Status Interest Rental income net of municipal & Std deduction (Please see below the example) Benefit available Total Rental Income Less: Municipal Taxes Annual Value of the Property Less: Deduction u/s 24 .75.70.000 (10.25.Housing Loan Interest Total Loss from House Property – reduction from Taxable Salary Prop 1 Self-occupied 1.000 50.65.Repair & Maintenance 30% .EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK D3B Let-out Property If em ployee has m ore t han o ne ow n hou se on housing loan.000 Prop3 Let-out 1.000 Nil 1.000 1. Say. he c an c laim i nterest b enefit for all t he properties subject to showing rental income for the properties leaving one as self-occupied.

000 infrastructure bonds. Spouse. Spouse & Children Self. 80DD: Deduction for Physically handicapped dependents 80E: Repayment of interest on loan taken for full time Higher Education – this payment must be made out of taxable salary only MAXIMUM LIMIT – RS Below 65 years age Above 65 years age Disability 40% to 80% Disability > 80% 15.e. Spouse & Children Self Children (upto 2) – minor or major Self. then the PF is 12. The actual amounts are deducted from Gross Taxable Salary i. the following are some deductions available. SECTION & NAME OF DEDUCTION 80D: Medical / health insurance premium paid in India by cheque only. Brothers and Sisters Self. Please see below the basic conditions. Taxable Salary before 80C deduction.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK D4 Chapter VIA deduction – Section 80s except 80C There are some deductions available under various sub-section of Section 80.00.20. Certificate from Bank is mandatory Self. please reduce your PF contribution (basic salary as per compensation letter x 12%) from total allowable deduction of 1. The 80C deduction of Rs. NAME OF DEDUCTION : INVESTMENT PLAN Provident Fund (12% of basic salary as per compensation letter) Voluntary Provident Fund (if you contribute) Public Provident Fund (PPF) National Savings Certificates – VIII Pension Plan (earlier 80CCC) Mutual Funds : Equity Linked Savings Schemes– 3 years lock-in ULIP (Unit Linked Insurance Plan) Housing Loan Principal (including pre-construction period principal) of FY2008-09 Tuition / Term Fees only (no other fees included) for full time education in India for maximum 2 children.000 in LIC / PPF / NSC etc.000 and max Rs 1.000. Spouse & Children D5 Chapter VIII deductions – Section 80C Total deduction allowed under 80C is Rs 1.000 INVESTMENT IN THE NAME OF Self Self Self. if the basic salary is 1. now you can invest 88.000 100. Spouse & Children Self Self Self.000 exclusively towards Infrastructure Bonds.20.20. wholly dependent Parents.1.000 20.00.00. Children. the 80C amount is deducted in total from Gross Taxable Salary i.000.000 POLICY / EXPENSES IN THE NAME OF No limit – only Interest part & no benefit on principal portion.e.000 includes Provident Fund deduction from salary and Rs 20.000 (collectively or individually) and an additional investment of Rs.000 (say.000 50. Spouse & Children Self 21 . Net Taxable Salary before these 80 deductions and 80C deductions. dependent parents & children Spouse. Please note that the below investments must be made out of your salary income only. To plan the 80C investments. Insurance Premium Infrastructure Bonds – min Rs 20.

Income Tax Department will issue Acknowledgement of Return receipt.) = Taxable Salary Apply tax rates on the taxable salary = Income Tax + Surcharge + Education Cess The total tax must be deducted from employees salary and deposit with Govt Tax Certificate (Form 16) After final tax calculation as at 31 March every year for the period April to March. The due date for filing is 31 July. st D6D Penalties for Non-Tax filing As per provisions of Income Tax Act. D6E Tax Filing Help EMC hav e t ie-up w ith C hartered A ccountants f or f iling e mployees’ t ax r eturn. tax deposit to Government and the same is approved by the Authorized Signatory of company. date may change which is notified by the Income Tax Deptt. th st D6C Tax Filing Its employee’s responsibility to file tax return to the Income Tax Department based on Form 16 issued by the Company. Conv exemption etc. deductions. employee’s earnings. this certificate is called Form 16. 1961. tax liability. E MC responsibility i s restricted t o i ntroducing t he Agent t o e mployee and f rom t he.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK D6 Tax Statement (Form 16) & Individual Tax Filing Process D6A Final Tax D6B Earnings for the year Less: Deductions (Prof Tax.) Less: Exemption (LTA. exemptions. penalties under Sections 234A. Filing tax return Penalties is not good track record for any purpose. The Form 16 is issued by 30 April. 234B and 234C are applicable for not filing tax return on time and non-making tax dues. Once tax return is filed. 22 . The Form 16 shows details viz. there is a responsibility lies on Employer to issue Tax Certificate under section 203. 24 etc. tax deduction. t he d eal w ill be b etween em ployee an d Agent. This receipt is very important and employees must keep them safe. HRA etc) Less: Deductions (Section 80s.

YOU WILL GET THE BELOW SCREEN: Payroll e-Form Your Employee Number: Secure Code: Mother's Name: Password: (Employee no without preceding zero. Please Click here. 062920. EMPLOYEE NUMBER SHOULD BE WITHOUT PREFIXING ZERO Payroll e-Forms If you are a new user.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK SECTION4 : E-PAYROLL (DECLARATIONS & CLAIMS) A FIRST TIME USERS STEP1 STEP2 STEP3 Please logon to CoE Intranet http://indiacoe Please click on Apna Area option Please click on Payroll e-Forms After the Step3.4745. this will be required. Ex 004745 . Ex 004745 .4745. employee will be in e-Payroll Forms (Tax & FBP) home page: A1 IF YOU ARE NEW USER. if you forget the password (for retrieving) (Maximum 12 characters) Please select password of your choice Confirm Password: Submit Cl ear 23 . 062920.62920) Payroll will send this code by email Mandatory field. THEN YOU NEED TO REGISTER THE PASSWORD BY USING “CLICK HERE” LINK.62920) Enter Password: Sigh in Cl ear Forgot Password A2 ONCE YOU COMPLETE THE ABOVE STEP. Enter Your Employee Number: (Without preceding zero.

062920.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK A3 AFTER CLICKING ON SUBMIT BUTTON IN THE ABOVE SCREEN. Please go to Login screen A4 PLEASE CLICK ON “PLEASE GO TO LOGIN SCREEN” LINK. THE BELOW SCREEN WILL APPEAR Payroll Your Employee Number: Secure Code: Mother's Name: Password: Confirm Password: (Maximum 12 characters) (Employee no without preceding zero. Enter Your Employee Number: (Without preceding zeros.4745. Please Click here.4745. 062920. THEN YOU WILL HAVE THE BELOW SCREEN Payroll If you are a new user. Ex 004745 . Ex 004745 .62920) Enter Password: Use the same password selected in Screen A2 above Sigh in Cl ear Forgot Password 24 .62920) Submit Cl ear Password has been created.

employee will be in e-Payroll Forms (Tax & FBP) home page: B1 IF YOU FORGET THE PASSWORD. Ex 004745 .62920) Please put the mother’s name selected in A2 Screen Submit Cl ear B3 PLEASE CLICK ON SUBMIT BUTTON. Enter Your Employee Number: (Without preceding zeros.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK B FORGOT PASSWORD STEP1 STEP2 STEP3 Please logon to CoE Intranet http://indiacoe Please click on Apna Area option Please click on Payroll e-Forms After the Step3.4745. PLEASE CLICK “FORGOT PASSWORD” LINK Payroll e-Forms If you are a new user. 062920.4745.4745. 062920. Ex 004745 . Please Click here. Ex 004745 . YOUR PASSWORD WILL BE RETRIEVED & SHOWN ON THE SCREEN AS BELOW Payroll e-Forms Your Employee Number: Mother's Name: (Employee No without preceding zeros. this is an example only Please go to Login screen 25 . 062920.62920) Enter Password: Sigh in Cl ear Forgot Password B2 YOU WILL GET THE BELOW SCREEN FOR RETRIEVING PASSWORD Payroll e-Forms Your Employee Number: Mother's Name: (Employee no without preceding zero.62920) Submit Cl ear Your Password: chinni Please click on this to Retrieved password.

FBP CLAIM. 26 . 062920.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C FBP & TAX DECLARATIONS / CLAIMS STEP1 STEP2 STEP3 Please logon to CoE Intranet http://indiacoe Please click on Apna Area option Please click on Payroll e-Forms C1 AFTER THE STEP3. THEN SIGN-IN Payroll e-Forms If you are a new user.62920) Enter Password: Sigh in Cl ear Forgot Password C2 THE BELOW CLAIM ARE THE OPTIONS FOR FBP DECLARATION. Please Click here. LTA CLAIM. MEDICAL In the following pages. INVESTMENT DECLARATION. PLEASE TYPE THE EMPLOYEE BADGE NUMBER WITHOUT PREFIXING ANY ZERO (IF THE BADGE NUMBER IS 056805. PLEASE TYPE 56805).4745. EMPLOYEE WILL BE IN PAYROLL E-FORMS LOGIN PAGE. Ex 004745 . Enter Your Employee Number: (Without preceding zeros. each of the above options is run through.

your compensation details will be di splayed in t he f orms viz. If claims exceed declaration amount. Please declare annual amount only. 27 . data will be taken from the system When you l ogin for declaration. bas ic. proration will be done by Payroll System based on DoJ FBP declaration can be submitted twice in a year FBP declaration form generated in MS Word once you confirm the declaration. FBP Please note that declaration should be given component-wise. No hardcopy is required for payroll. no retro benefit is given.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C2A FBP DECLARATION For claiming the expense. Declarations are considered from the month of declaration. system will reject the claim at the time of entering the claim itself. employee should declare his / her FBP amount for the year.

employee must submit the declaration form Please submit the claim form online.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C2B FBP CLAIM – OTHER THAN LTA FBP claims can be done any number of times in a year For FBP claims. All bills should pertain to April 2010 or DoJ. and onwards. take print-out of the submitted forms. whichever is later. For detailed guidelines. 28 . Outstation employees can send their claim by courier to India Payroll team. please refer to Handbook. attach bills to the form and drop the form and bills in designated drop box.

FBP declaration must be submitted. 29 .EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C2C FBP CLAIM –LTA LTA can be claimed twice in block of four years For claiming LTA.

tax benefit is not available.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C2D INVESTMENT DECLARATION Declaration can be given any time during the year before Jan 2011 The most important thing is that if HRA has been declared under FBP. the same in monthly amount should be declared in this form. otherwise. 30 .

The unclaimed medical amount is paid in Mar 2011 payroll which is subject to tax.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C2E MEDICAL CLAIM Medical claim upto INR 15.000 per annum can be claimed any time during the year The bills must be dated on or after April 01. 31 . 10 or DoJ whichever is later.

everyone must provide the same. please update here.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C2F PERSONAL INFORMATION This personal information is important for some reporting purpose The existing information available with us will be displayed when you open this link If you want to make any changes. The most important information is PAN (Permanent Account No). Personal Information Form Employee name Permanent Account No (PAN) Bank Name (Salaried A/C) Bank Account No Email ID Correspondence address Permanent address Submit Cl ear -Select- Sonu 32 .

e. tax on ESPP gain (discounted amount) comes under new Perquisite R ules. C onveyance. All Bonuses (part of TEO). Please consult your Financial Advisor for this.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK SECTION5 : ESPP.Hire date from April 1 & September 30 eligible for Period 1 (Jan 1 – Jun 30) plan . (866) 362-7825 (inside the U.S. http://www.emc.g.com/onesource/emc then you can login with ID (your employee ID) and password What is ESPP What is Share Purchase price How does ESPP work How does Share purchase happen Who administers our shares What are UBS contact details If I am an existing member. tax is applicable depending upon retention period i.9%. Company will recover this from employees and deposit with the Govt.000 : 85. pl ease c ontact P ayroll C entre at India_payrollapj@emc.com http://www.channelemc. Unclaimed Medical (Taxable) Yes.Hire date between October 1 & March 31 eligible for Period 2 (Jul 1-Dec 31) plan Minimum 2% and maximum 15% of salary US$ 7. long term and short term. or by email at emcstock@ubs.com/PeopleLink/international/Self_Service/hmaci . Other A llowance.9% on gain : 100. what is the link to login Who are eligible All permanent employees who completed 3 months of continuous service with the company are eligible to participate in the Plan . Contribution and investment on Shares Shares allotted at 15% discount Gain Perquisite Tax @ 30.000 : 15. 2009.isus. E. there are two plan periods: (1) January 1 to June 30 and (2) July 1 to December 31 At the end of each plan period (June / Dec). Effective 1st April.e. T he E SPP gai n i s t axed at marginal t ax r ate upt o 30.635 A B C=A-B D = C x 30. Overtime.000 : 4.). pl ease c ontact U BS as per details provided above. whom should I contact What is the tax treatment 33 .S. S pecial A llowance.) or (201) 272-7551 (outside the U. selling shares etc. buying shares. maintaining your account. shares are bought in employees’ names who have made contribution to ESPP UBS Financial Services administer your ESPP i. M BO.asp For any deduc tion quer ies.ubs.500 per plan period Basic S alary. H RA.e.9% What is contribution % What is the maximum contribution? What are the salary components Is there any tax applicability How to enroll or cancel For any queries on ESPP deduction.com and pos t al lotment of s hares. ESOP & RSU A EMPLOYEE STOCK PURCHASE PLAN (ESPP) POLICY & ILLUSTRATION Employee S tock P urchase P lan t hrough which E MC al lot s hares t o el igible employees at a di scounted price bas ed on E SPP contribution by em ployees for each period The purchase price of the common stock @ 85% of traded price on the last day of period (i. 30th June and 31st Dec) ESPP works on Plan periods. Commissions.

per share Gain per share No. 2008 500 (vested @ 20% after every completed year) US$ 12 per share st 1 of July of 2009.50 $1. In India since the exercise and selling happen concurrently. the di fference between Fair Market V alue (FMV) and Option Exercise P rice ( OEP) is treated as ga ins an d t he same i s s ubject t o withholding t ax (WHT).50)} Taxable gain = (FMV 16.50 – FMV 16. and thus the definition of FMV may change. 2009 {OEP = $12. 2009 & sells on the same day when stock reaches $ 16.424 Please note that the above figures are used for illustration purpose only B EMPLOYEE STOCK OPTION PLAN (ESOP) On ESOPs.00 $10. Taxable gain = Nil Event2 : Exercising on 27 Nov. FMV OEP Gain WHT = = = = Closing Market Price on option exercise date [Note: Regulations defining FMV are expected to be enacted in soon.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK ESPP ILLUSTRATION Particulars Contribution for the six-month period Stock price at the end of the period – per share Discounted purchase price @ 15% . the closing price on the New York Stock Exchange is $16. the WHT calculations happen on the date of such simultaneous exercise and selling of stocks.00) x 100 = $ 400 (WHT applied) Capital gain = (SP 16.e. Option price that company offers to employee to buy the stocks (FMV – OEP) x No. of Option Offered Offer Price Vesting @ 100 stocks on Event1 : : : : : 1 July.00 $175.50. 2011. t here i s n o action required for withholding t ax as em ployee has not exercised any stocks during the Financial Year. FMV = $16.month of taxation Gain in Indian Rupees makes part of Salary Ref A B C = B x 85% D=B-C E=A÷C F=ExD G H=GxF Calc $1. 2010. th on 27 Nov. of Stocks exercised TDS i.00 INR 8.e.50 117. The t ax i s pa yable u pon exercising of stock by the employee. Income Tax that is recovered from Salary Example Date of options offered No.00 & Selling Price (SP) = $16.000.50 INR 48. 2012 and 2013 st Employee not exercising stocks during the year though stocks have been vested. In t his c ase.00 – OEP 12. of Shares Purchased Total gain makes part of Salary Conversion Rate ($ vs INR) .00 on the date of stock sale i.00 $8.00) x 100 = $50 (EE to handle on his own) th 34 .

the 80 00 will be r ecovered f rom F BT of 10000 and ba lance 2 000 will automatically get adjusted from future taxes as system performs calculations. E.e.e. whether employee sells the units or not. RSU gain arises on vesting of units i. WHT based on revised gain calculation for the s ame stock – 8000.00 x 100 = $ 1000 (WHT applied) D IMPORTANT POINTS FOR ESPP / ESOP / RSU √ ESPP ga in arises o n purchase of s tocks from c ontribution. of Option Offered Offer Price Vesting @ 100 stocks on CMV : : : : : 1 July. excess FBT) gets adjusted against taxes. 2011. 35 . following is the tenure for keeping the stocks: • • • ESOP : Restricted Stocks : ESPP : within 3 months of termination Unvested stocks on the day of termination and vested stocks can be kept for any time can keep any shares till any time as employee wishes All unvested stocks get lapsed on termination of employment. the gain is calculated and incorporated into payroll system √ All gain calculations are done based on information received from UBS (EMC’s stock agents) √ Payroll system calculates the applicable taxes on gain based on tax ceilings and recovered over the period till end of Financial Year. 2012 and 2013 US$ 10.00 st Taxable gain = (FMV $ 10.g. E RETENTION CONDITIONS FOR ESPP / ESOP / RSU On leaving the company. The differential (i. tax will be recovered from employees. the additional gain/loss (over and above gains considered by E MC) m ade b y em ployee will be de emed as g ain/loss und er Long T erm or S hort T erm Capital Gain/Loss. of Stocks exercised Example Date of options offered No. √ The tax on gain is recovered during the same financial year over the period of time till end of the year √ System will take care of reporting the gain and tax in appropriate sections of Form 16 √ The FBT that has been recovered from previous stock transactions (from Apr to Sept 09) will be adjusted with the withholding tax. ESOP gain on s tock ex ercise and RSU gain on vesting. √ Upon sale of ESPP / ESOP / RSU. FMV OP Gain = = = Closing Fair Market Value on option vesting date Option price that company offers to employee to buy the stocks (CMV – OP) x No. 2010. 2008 500 (Vesting @ 20% every completed year) US$ Nil per share st 1 of July of 2009. The FBT recovered from Stock Gains – 10000.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK C RESTRICTED STOCK UNITS (RSU) The difference between Fair Market Value (FMV) on vesting day and option price (OP) is gain and the same is subject to withholding tax. Employee is responsible for paying /adjust such taxes on his own at the time of filing individual tax returns √ Based on applicability.00 – OP $ nil) x 100 = $ 10.

com. break-up is not available Section 80 deductions: medical insurance. the password gets locked. For on any query on the payroll calculation. l ogin I D and password t o access online pay s lip to all New Hire for the month from the mail ID PayrollAdminSouthAsia@emc. Conveyance and Food Coupons. HRA. Personal Data. SSC will make necessary corrections in master data and confirm to HR. A nd new pas sword w ill be s ent t o t he em ployee f rom PayrollAdminSouthAsia@em. please do not use this ID for any queries.com with the login ID details to reset the password. A DP s ystem will s end web link. employee can view. A2 A3 A4 New Hires & Existing Employees Existing employees must have all the above details.EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK SECTION6 : EMPLOYEE SELF SERVICE (ESS) – ONLINE PAYSLIP & PAYROLL INFO A PROCESS & GUIDELINES New Hires A1 On t he pay day. amounts. please click the button “Display Payslip”. Request you to save the link in your favorites as you will use the link frequently. statutory deductions.com. interest on higher education loan etc. employee can view details of Address (Permanent Address and Official (Tax) Address). please click on “Personal Information” button. there will be 3 sub-tabs viz. P lease DO NOT send any email to this ID as this ID is used by ADP for sending login ID and Password only Employees to click on the link sent by ADP and enter login ID & password provided by ADP. For first login.com For any queries on personal information kindly contact HR and based on the instructions of HR. print and save the following: Income Tax Computation Sheet Housing Loan Interest Investment declarations – you c an s ee t otal de claration a mount subject t o R s 100. To view personal information. A5 If the login ID or password is entered incorrect three times consecutively. in this case. Address. Bank Details etc. In the “Personal Information” section. Personal Data and Bank Details Income & Investment under this. system will ask to change the password. Payment here you can view. print and save your payslips Personal Information under this. so please change the password. HRA declaration A7 A8 A9 A10 36 .000 a s SAP restricts automatically. kindly mail to India_PayrollAPJ@emc. To access pay slip. FBP Pa ckaging – please d o not u se this t ab as S AP aut omatically r educes s ome components viz. To view the current month’ pay slip please click on “Display results” button. please send an e-mail to India_PayrollAPJ@emc.

. PENALY IS NOT PAYING THE RELEVANT %AGE OF TAX ON THE RELVANT DUE DATES DURING THE RELEVANT PREVIOUSYRS.. the assessee is liable to Pay simple interest @ 1% per month or part of month.Interest is computed on the following basis.. PENALTY IS FOR PAYING ADVANCE TAX LESS THAN 90% OF THE TOTAL ADVANCE TAX PAYABLE IN THE RELEVENT PREVIOUS YR. In case of Non-corporate assessee When Interest payable Rate of Interest Period of Interest Amount on which interest is payable On or before 15 Sep less than 30% (a-b) Simple Interest @ 1% 3 Months 30%(a-b)-c On or before 15 Dec less than 60% (a-b) Simple Interest @ 1% 3 Months 60%(a-b)-d On or before 15 Mar less than 100% (a-b) Simple Interest @ 1% . Immediately preceding the relevants AY. Section 234B: For defults in payment of advance tax.100%(a-b)-f Note:a) Tax on total income declared in the return filed by the assessee. WHERE AS U/S 234C.. Immediately preceding the relevants AY. Immediately preceding the relevants AY. than Simple interest @ 1% is payable on Assessed tax minus advance tax. 37 . Immediately preceding the relevants AY. Due dates of payment of advance Tax. If the return of income is furnished after the due date. has to failed to pay such tax than simple interest @ 1% is Payable on assessed tax from the date on which advance tax become due. e) Amount of advance tax on or before Dec 15 of the FY. MAJOR DIFFERENCE B/W 234B AND 234C IS THAT U/S 234B. Section 234A: For defults in furnishing return of Income. b) TDS or TCS. f) Amount of advance tax on or before Mar of the FY. c) Amount of advance tax on or before Jun15 of the FY..100%(a-b)-e In case of corporate assessee When Interest payable Rate of Interest Period of Interest Amount on which interest is payable On or before 15 June less than 12% (a-b) Simple Interest @ 1% 3 Months 15%(a-b)-c On or before 15 Sep less than 36% (a-b) Simple Interest @ 1% 3 Months 45%(a-b)-d On or before 15 Dec less than 75% (a-b) Simple Interest @ 1% 3 Months 75%(a-b)-e On or before 15 Mar less than 100% (a-b) Simple Interest @ 1% . An assessee who is liable to pay advance tax .EMC DATA STORAGE SYSTEMS (INDIA) PRIVATE LIMITED EMPLOYEE PAYROLL HANDBOOK Gratuity Provident Fund Interest and Penalties Section 234A Advance Payment of Income Tax For the assessment year 2009-2010. d) Amount of advance tax on or before Sep15 of the FY.. Section 234C: For deferment of advance tax Interest is payable on the under this section if the assessee has not paid the advance tax or underestimated instalments of advance tax. As assessee who is paid advance tax but the amout of advance tax paid by him is less than 90% of assessed tax.. Particulars / Date Corporate Assessee Non-Corporate Assessee on or before 15 June Upto 15% of advance tax payable NIL on or before 15 September Upto 45% of advance tax payable Upto 30% of advance tax payable on or before 15 December Upto 75% of advance tax payable Upto 60% of advance tax payable on or before 15 March Upto 100% of advance tax payable Upto 100% of advance tax payable Interest payable by the assessee...

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