Fee Structure for PGP 2013-14

Amount in Indian Rupees S. No Particulars Shared Accommodation 1) 2) 3) 4) Admission Fee non refundable Tuition Fees-Payable on or before the date of registration Living Fees Onetime fee for ISB Alumni for use of ISB Library & Recreation Centre Total Fees Add: Service Tax at prevailing rate (Present rate 12.36%) Total Fees 5) 6) ISB Alumni Association Membership Fee Interest free Refundable Security Deposit Total Payable
*3

Studio Accommodation 2,00,000 (US $ 4,000) 17,44,000 (US $ 34,900) 2,79,000 (US $ 5,600) 3000(US $ 60) 2,226,000 (US$ 44,560) 275,134 (US $ 5,510) 2,501,134(US $ 50,070) 7,000 (US $ 140) 15,000 (US $ 300) 2,523,134 (US $ 50510)*

2,00,000 (US $ 4,000) 17,44,000 (US $ 34,900) 1,68,000 (US $ 3,400) 3000 (US $ 60) 2,115,000 US$ 42,360) 261,414 (US $ 5,230) 2,376,414 (US $ 47,590) 7,000 (US $ 140) 15,000 (US $ 300) 2,398,414 (US $ 48,030)*

Other Estimated Expenses for PGP 2013-14 per Student

S.No 1 2 3

Particulars Books Laptop Food Expenses Total:

Approximate Amount in Indian Rupees 20,000 (US $ 400) 50,000 (US $ 1,000) 100,000 (US $ 2,000) 170,000 (US $ 3,400)*

*Exchange rate calculated at 1 US$ =50

1. 2. 3. It is mandatory to live in the campus. The amount payable to the ISB are fixed in INR. Payments may be made in any other currency but the amount realised in INR by the School must be equal to the amounts fixed in INR. Service Tax: The effect of the amendment brought about by the Finance Act 2010 to Section 65 (105) (zzc) of the Finance Act, 1994 is presently before the Customs Excise and Service Tax Appellate Tribunal (CESTAT). ISB has always maintained that the said section does not apply to the educational programmes of ISB. However Service Tax Department is of the view that Service Tax is applicable on the fees charged to the students by ISB. As per the advice of our legal counsels, to mitigate the risks associated with this levy, ISB will be collecting the Service tax as applicable on the total fee as and when payable by you and remit the same to the Government Account under protest and without prejudice to ISBs rights and contentions in Law. In the event of the said matter ultimately getting resolved in favor of ISB, ISB will provide necessary information to you so as to assist you to obtain refund from the Government. Tuition fees cover course packs provided, but certain courses require mandatory text books over and above the study material supplied by ISB. Food Expenses: Expenses pertaining to food are approximate and actual cost will depend on the consumption and the cost may be remitted on a pay per meal or on a monthly basis. The residential facilities have kitchens for people

Note:

4. 5.

who would like to cook. 6. Laptop: It is mandatory for you to have a Laptop. You may purchase the same on your own as per the specifications provided under the IT Section of the FAQs section as part of New Admits Portal.

A.M. Kannan Director Admissions & Financial Aid