Company: INFY
Filing Date: 2025-11-10
Form Type: SC TO-C
Source: 0001193125-25-274597
Chunk: 98

Company: Infosys Ltd
Filing Date: 2025-11-10
Form: SC TO-C
Chunk 98
---
 or the Registrar and Share Transfer Agent (KFin Technologies Limited) as on Record Date for the Buyback 2025. For resident shareholders, taxes shall be deducted at source under Section 194 of the IT Act as follows:

| Members having valid Permanent Account Number (PAN) |     | 10%* or as notified by the Government of India (GOI) |
| Members not having PAN / valid PAN                  |     | 20% or as notified by the GOI                        |

| * | As per Section 139AA of the IT Act, every individual person who has been allotted a PAN and who is                                                                                                                                                   
 eligible to obtain Aadhaar, shall be required to link the PAN with Aadhaar. In case of failure to comply with this, the PAN allotted shall be deemed to be invalid / inoperative and he shall be liable to all consequences under the IT Act and tax 
 shall be deducted at the higher rates as provided in section 206AA of the IT Act, 1961 i.e., 20% of tax deduction at source.                                                                                                                         |

However, no tax shall be deducted on the amount of buyback consideration as dividend payable to resident individual shareholders if the total of all dividend and buyback proceeds as dividend to be received by them during financial year 2025-2026 does not exceed in aggregate ₹10,000. Further no tax shall be deducted in cases where individual shareholder provide Form 15G / Form 15H (Form 15G is applicable to resident individual shareholders and Form 15H is applicable to resident individual shareholders aged 60 years or more), subject to conditions specified in the IT Act. If during the financial year 2025-2026 above mentioned Forms become invalid then tax would be deducted on total payments made during the financial year 2025-2026 from the buyback consideration. PAN is mandatory for members providing Form 15G / 15H or any other document as mentioned above. Resident shareholders may also submit any other document under any provisions of the IT Act to claim a lower / nil withholding of tax. Shareholders may also provide a Lower Tax Deduction Certificate (LTDC) certificate issued by the Income Tax Department under Section 197 or any other section of the IT Act, which authorizes company to deduct TDS at a lower rate instead of the standard prescribed rate under the IT Act. For non-residentshareholders, taxes are required to be withheld (WHT) in accordance with the provisions of Section 195 or 196D or