Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 154

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 10
Chunk 154
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 date on which a request for redemption was made.

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•In addition to the above, a surcharge as set forth below and an additional surcharge called “Health and Education Cess” of 4% (effective financial year commencing April 1, 2018) is levied as follows: 

Category of person                                                                                                               Net Income Range (in ₹)   Surcharge rate for FY2024-25                                   
Individual/HUF/AOP/BOI/artificial Juridical Person   0-5 million 5 million – 10 million 10 million – 20 million 20 million – 50 million Above 50 million   Nil 10% 15% 25% 37%                                            
Firms/Local Authority                                                                                                      0-10 million Above 10 million   Nil 12%                                                        
Co-operative Society                                                                             0-10 million 10 million – 100 million Above 100 million   Nil 7% 12%                                                     
Domestic Company                                                                               0 – 10 million 10 million – 100 million Above 100 million   Nil 7% 12%(rate is 10% for Companies opting for section 115BAA)
Foreign Company                                                                                0 – 10 million 10 million – 100 million Above 100 million   Nil 2% 5%                                                      

•The above rates may be reduced by the applicable tax treaty in the case of non-residents. The capital gains tax is computed by applying the appropriate tax rates to the difference between the sale price and the purchase price of the equity shares or ADSs. In the case of employees who receive shares allotted as part of a company’s stock option plan, the purchase price shall be the fair market value which has been taken into account for the purpose of computing the perquisite on salaries. In 1992, the government allowed established Indian companies to issue FCCB. Effective April 2008, the conversion of FCCBs into shares or debentures of any company shall not be treated as a ‘transfer’ and consequently will not be subject to capital gains tax upon conversion. Further, the cost of acquisition of the shares received upon conversion of the bond shall be the price at which the corresponding bond was acquired. 
•Any gain realized by a non-resident or resident employee on the sale of equity shares is subject to Indian capital gains tax, which, in the case of a non-resident is to be withheld at the source by the buyer. However, as per the provisions of Section