Company: INFY
Filing Date: 2025-07-01
Form Type: 20-F
Source: 0000950170-25-091925
Chunk: 262

Company: Infosys Ltd
Filing Date: 2025-07-01
Form: 20-F
Item: Item 18
Chunk 262
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 interest is payable to the beneficiaries by the trust is being administered by the Government of India. The Company has an obligation to make good the shortfall, if any, between the return from the investments of the trust and the notified interest rate.

In respect of Indian subsidiaries, eligible employees receive benefits from a provident fund, which is a defined contribution plan. Both the eligible employee and the respective companies make monthly contributions to this provident fund plan equal to a specified percentage of the covered employee's salary. Amounts collected under the provident fund plan are deposited in a government administered provident fund. The Companies have no further obligation to the plan beyond its monthly contributions.

 

Superannuation

Certain employees of Infosys, Infosys BPM and EdgeVerve are participants in a defined contribution plan. The Group has no further obligations to the plan beyond its monthly contributions which are periodically contributed to a trust fund, the corpus of which is invested with the Life Insurance Corporation of India.

Compensated absences

The Group has a policy on compensated absences which are both accumulating and non-accumulating in nature. The expected cost of accumulating compensated absences is determined by actuarial valuation performed by an external actuary at each Balance Sheet date using projected unit credit method on the additional amount expected to be paid/availed as a result of the unused entitlement that has accumulated at the Balance Sheet date. Expense on non-accumulating compensated absences is recognized in the period in which the absences occur.

2.14.1 Gratuity and Pensions

The following table sets out the details of the defined benefit retirement plans and the amounts recognized in the Group's financial statements as of March 31, 2025, and March 31, 2024:

                                                                                                                                                                            (Dollars in millions)    
                                                                                                                             Gratuity                                                     Pension    
                                                                                                                                As of                                                       As of    
                                                                                           March 31, 2025              March 31, 2024              March 31, 2025                  March 31, 2024    
Change in benefit obligations                                                                                                                                                                        
Benefit obligations at the beginning                                                                  253                         216                         122                             112    
Transfer                                                                                                1                           4                           —                               —    
Service cost                                                                                           40                          37                           6                               6    
Interest expense                                                                                       17                          15                           2                               2    
Remeasurements - Actuarial losses / (gains)                                                            12                           4                           8                                    
Past service cost - plan amendments