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Next Education India Private Limited Employee Proof Submission Form for the Financial Year 2011-2012.
Employee ID * Employee Name * PAN * Address for claiming HRA Gender * No. of Children going to School * No. of Children staying in Hostel * Date of Joining

Section A - HRA From Date 1 2 3 4 As Per Last Declaration Section B - Chapter VI A - Deductions from Total Income Medical Insurance Premium (U/s 80D) Medical Insurance Premium (U/s 80D) - Parents not being Senior Citizens Medical Insurance Premium (U/s 80D) - Parents being Senior Citizens Medical Treatment/Handicapped Dependent (U/s 80DD) < 80% Medical Treatment/Handicapped Dependent (U/s 80DD) > 80% Interest on Educational Loan (U/s 80E) Permanent Physical Disability (80U) < 80% Permanent Physical Disability Severe Disabilitty (80U) > 80% Long Term Infrastructure Bond (U/s 80CCF >= 10 Years) Section C - Chapter VIA - Section 80C Contribution to Pension Fund ( 80CCC ) Life Insurance Premium (Jeevan Dhara, Jeevan Akshay) etc Public Provident Fund (PPF) National Savings Certificate (NSC) Infrastructure Bonds Children Education Tuition fees Equity Linked Savings Scheme (ELSS) Mutual Funds Unit Linked Insurance Plan 5 Year Deposit under Senior Citizen Saving Scheme Cumulative Term Deposits 5 Year Time Deposit in Post Office Housing Loan - Principal Amount paid, Registration Fees, Stamp duty Fixed Deposit Scheme (Block Period of 5 yrs) NSC Interest (Will also be considered as Other Income) Section D(a) - Loss from House Property - LETOUT (Photo Copies to be attached) Calculation details to be attached in the format given in Instruction Sheet Total interest paid by me (post construction/possession/ amortized pre-emi) during the financial year (April 10 to March 11) - Letout Address of the Property against which Loan taken City Date of Occupation (DD-MM-YYYY) * Section D(b) - Loss from House Property - SELF OCCUPIED (Photo Copy) (If loan was availed before 01/04/1999, limited to Rs.30000, else limited to Rs.150000) Total interest paid by me (post construction/possession/ amortized pre-emi) during the financial year (April 10 to March 11) - Self Address of the Property against which Loan taken City Date of Occupation (DD-MM-YYYY) * Section F - Other Exemption Medical Professional Development Leave Travel Allowance Telephone Car Maintenance Car Fuel Driver Salary Others Section G - Other Income Bank Interest Pension Others Control Total Declaration 1. I hereby declare that I have read and understood the guidelines provided in 'Proofs Option Document' and 'EPSF Instructions', and that, all information provided above is true and correct in all respects. 2. LTA Exemption claimed by me is as per the IT rule which specifies that exemption can be claimed twice in a block of 4 years. (irrespective of the number of employers in the block period) 3. I also undertake to indemnify the company for any loss / liability that may arise, in the event of any incorrect information provided by me. Date : Place : * Indicates mandatory fileds. Please verify the same and if blank, please fill in and submit the form. Signature of Employee * _________________________ EPSF without signature will not be considered. (Please total the figures entered in A+B+C+D(a)+D(b)+F+G) (Mandatory) Value of Proof Attached No. of Supporting Documents To Date City Rent Paid per month No. of Supporting Documents

Next Education India Private Limited

Instructions to Employees for filling the EMPLOYEE PROOF SUBMISSION FORM (EPSF)

POINTS TO BE NOTED: 1. You need to fill the column 'Value of Proof Attached' with the exact amount for which proof is being attached. 2. The proofs attached must contain your name, employee code and signature on each sheet. Incomplete / illegible EPSFs will be rejected. 3. EPSF must be the top sheet with the proofs attached to it. Please check your PAN on EPSF and update, if not updated already. 4. Please enclose the proofs in the order of EPSF. 5. This document will be scanned, do not tamper / staple on the BARCODE (top right corner of the EPSF). 6. Do not drop the proofs after the cut off date. They will NOT be accepted 7. On validation of your proofs by Hewitt, the final approved amount will be arrived for computing Tax for the year. 8. In case of mismatch between proofs claimed in EPSF and those attached, actual value of proofs attached will be considered for final tax computation. 9. For any clarifications, please write to infohos@hewitt.com INSTRUCTIONS TO FILL THE EPSF 1. Section A: Fill the From Date & To Date, city of residence in the column 'City', and the monthly rent paid by you in the column 'Rent paid per month'. In case the residence was being occupied during mid-month or changed during the year, specify the period and the monthly rent paid for the period. For Example: Scenario From Date Full year with same rent (One entry) 01/04/2010 Full year with changes (Multiple Entries) (A) 01/04/2010 (B) 16/06/2010 To Date 31/03/2011 15/06/2010 31/03/2011 City Bangalore Bangalore Delhi Rent paid per month 6000.00 5000.00 6500.00

Please write only the monthly rent value and do not annualize the same. Multiple entries are not required if the rent paid is uniform throughout the year. If you are claiming HRA exemption up to Mar 2011, please update To Date column as 31/03/2011, irrespective of the month till when you have enclosed rent receipts. For e.g. if you have enclosed rent receipt till Jan 2011 considering the proof cut off date of 31/01/2011, and wish to claim exemption till Mar 2011, then the To Date column should essentially reflect as 31/03/2011. 2. Section B: Self Explanatory 3. Section C: > Photo copies of the receipts of payment made till the proof cut off date > You may add the Registration & Stamp Duty on purchase of House Property to the principal amount for claiming benefit, if the same is paid during the FY 2010-11. However relevant proofs need to be attached. No benefit would be provided for purchase of plot. 4. Section D: Mandatory documents to be furnished to process your claim: 1.Self Occupied: Provisional certificate from the banker 2. Let-out Property: > Provisional certificate from the banker > Relevant computation considering the rental income, as outlined in 'Proofs Option Document' to be furnished. (sample working provided down below for reference) > In the event the property is left vacant, Net Loss / Income has to be arrived considering notional rental value as per local Municipality valuation. > If you are claiming both HRA exemption and Housing Interest Loss, Let out property computation is mandatory. > In case of Joint loan, the claim should essentially reflect your portion of the amount only. > If you are claiming pre EMI interest, 1/5 of the pre EMI amount will be considered for exemption in the current year. You are required to enclose the Certificate of the previous year, even if you have submitted the same last year. You should add the pre EMI interest amount to the current year's interest amount. > In the absence of Date of Occupation' in the EPSF, the benefit cannot be extended. > Address of the property against loan taken should be clearly mentioned. 5. Section E: Previous Employment Income : > If you have joined the current organization after 01/04/2010, you will have to submit a copy of your Previous Employers Form 16 or Sealed & Signed copy of the Final Tax Computation along with EPSF even if the same is already submitted on joining. With a declaration in Form 12B > All proofs submitted during previous employment, should be submitted as part of your proof submission, which will be considered in totality. 6. Section F Self Explanatory 7. Section G: Any other income that you wish to disclose for tax computation, necessary calculations to be enclosed. However, this excludes Housing Property Income, since its a part of Sec D. Please find below the NSC interest rate details. As per IT rule, the amount of interest will also be considered as 'Other Income' and taxed. Sample Calculation of Letout property Income / Loss is also shown below. NSC Interest Rates NSC Purchased after 01/04/2005 8.16% 8.83% 9.55% 10.33% 11.17% 12.08% COMPUTATION OF INCOME / LOSS FROM HOUSE PROPERTY - LETOUT Particulars Amount Amount a Rental Income / Notional Rental Income for the 60000 year 2011-2012 b Less: Municipal Taxes Paid 5000 c Net Annual value (a - b) 55000 d Less: Repairs and maintenance @ 30% on Net 16500 Annual value - Rs.55,000 X 30% e Net Income to be set off (c - d) 38500 f Interest paid on Housing Loan for 2011-2012 as 150000 per the certificate g Net value of Loss for the year (e - f) -111500 Note: If the Net value exceeds interest paid for the year, then it would be treated as Income from House Property.

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