Knowledge Sharing Platform

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1 To Knowledge Sharing Platform

2 Topics for Discussion Highlight of Performance Coal Marketing in CIL Income tax provisions for Salaried Employee

3 Organisational Structure Coal India Limited 8 Subsidiaries in India 1 Foreign Subsidiary WCL BCCL Coal India Africana Limitada in Mozambique NCL SECL BCCL MCL ECL CMPDIL

4 Highlights Of Performance

5 Highlights of Coal India Limited Particulars Manpower Coal Production : UG (MT) (8.35 %) (7.80 %) (7.08 %) OC (MT) (91.65 %) (92.2 %) (92.92 %) Total (MT) (100 %) (100 %) (100 %)

6 Continued.. Particulars OBR ( mm 3 ) Workforce Performance : OMS - UG OMS - OC OMS Overall Off-take : Power (MT) Steel, Railways (MT) Others (MT) Overall (MT)

7 Particulars (Rs. in Crores) (Rs. in Crores) Continued (Rs. in Crores) Gross Sales Net Sales Profit before tax Net Profit after tax Total Expenditure : Employee Cost Stores Power

8 Particulars Profitability Ratios : Gross Margin (PBDIT) % to Net Sales Gross Profit Net Profit Current Ratio (Current Assets/Current Liability) Quick Ratio (Quick Assets/Current Liability) Debt : Equity Debt : Net Worth Net Worth : Equity Continued..

9 Particulars Book value (Net Worth/No. of Equity Shares) Dividend per share Continued.. Factual Info : Areas States Mines 462 (270-UG ; 169 OC ;23 Mix) Washeries 17 (12-CC ; 5 NC) 429 (237-UG ; 166 OC ;26 Mix) 17 (13-CC ; 4 NC) 430 (227-UG ; 175 OC ;28 Mix) 15 (12-CC ; 3 NC)

10 Continued.. Particulars (Rs. in Crores) (Rs. in Crores) (Rs. in Crores) Payment to Govt : Royalty Cess & Others Sales tax / VAT Stowing Excise duty Central Excise duty Clean Energy Cess Entry tax Others

11 Continued.. Particulars Capacity Utilisation ( % ) Capital Expenditure (Rs. In Crores) FatalAccidents & Fatalities (nos.) MOU with Ministry of Coal & & & 59 Excellent Excellent Awaited

12 Corporate Social Responsibility Earlier CSR policy wef based on DPE guidelines issued for PSUs on CSR Budget CIL (standalone) Subsidiaries 2.5% of retained earnings of LY 5% of retained earnings of LY or Rs. 5/- per tonnes whichever is higher At Present CSR policy based on DPE guidelines and on the basis of Companies Act 2013 Budget CIL & Subsidiaries 2%of last 3 year s Avg Net profit or Rs. 2/- per tonne whichever is higher Year CSR expenditure (Rs. In Crores)

13 Coal Marketing in Coal India Limited

14 Coal Marketing in CIL Linkage System Standing Linkage Committee (SLC) for Core Sector Min. of Railway Min. of Power Constitution of SLC Chairman : Addl Secretary Coal Members Coal Companies SCCL Planning Industry Power Cement Steel Fertiliser Loco Etc.

15 Terms of Reference of SLC : For Power Sector Time to Time review of requirements of units & established linkages based on factors like : o Availability of Coal o Qty/Quality of Coal required by units o Transport Logistic available etc. For Steel Sector By MOC based on Deliberations among Steel, Rly, Coal Company representatives Continued.. For Fertiliser Sector On recommendations by Fertiliser Industry coordination committee under Ministry of Chemical & Fertiliser For Defence Sector Decided by defence coal cell under aegis of Ministry of Defence with CIL & Rly

16 Non Core Sector Before installations, Consumers approach CIL in advance, so that burning equipment can be designed as per the availability of Coal Those Consumer requiring >5000 tonnes coal pm require clearance from MOC before obtaining formal linkage by CIL

17 New Coal Distribution Policy (NCDP) Under this policy Coal is supplied through Fuel Supply Agreement (FSA) Small consumers (<4200 MT pa) are supplied under FSA through State Govt. nominated agencies Consumer of Power utilities (incl. IPPs), Captive power, Steel, Cement are allocated Coal though Letter of Assurance (LOA) from CIL through Inter-Ministerial forum of SLC (Longterm)

18 Continued.. Consumers not covered under FSA are supplied through e-auctions As per NCDP, 10% of Annual production is offered under e-auctions Difficulty in implementing it due to gap in Demand and Supply Commitment made through FSA/LOA were higher than availability of Coal from domestic production

19 Continued.. Govt. revised the arrangement in July 2013 for the identified Thermal Plants of MW capacity commissioned or likely to be commissioned during 01/04/2009 to 31/03/2015 FSA will signed for domestic Coal supply for the plants with normal coal linkage in following manner: Quantity Supplied Year 65% of ACQ % of ACQ % of ACQ % of ACQ

20 E-auction Consumers not covered under FSA are supplied coal through E-auctions Any actual consumer can participate in Forward e-auctions and any buyer can participate in Spot e-auctions as per specified scheme

21 New categorisations of consumers under NCDP Consumers will be treated on Merit of case Sector Coal Qty tobe supplied Price Power utilities, IPP, 100% of Through FSA at CPP requirement Notified price Railways & Defence 100% of requirement Other Consumers 75% of the requirement Balance of requirement Notified Price Through FSA at notified price To be met by themselves through imports,e-auctions etc.

22 Quality Annual grade declarations As per The Mines & Mineral (Development and Regulations) Act,1957, Coal Controller prescribes the methods & procedure WCL is the only subsidiary having NABL accredited laboratory Transition from Useful HeatValue ( UHV ) to Gross Calorific Value ( GCV ) There are 1 17 GCV bands ranging from 2201 to 7000 ( kcal/kg )

23 Income tax Provisions for Salaried Employees

24 Income-Tax : Salary Section 17(1) defines Salary which includes: Wages & DA Annuity & Pension Gratuity Fees, Commission,Perquisites,Profit in lieu of or in addition to salary Advance Salary Leave encashment Transfer balance to recognised fund to the extent taxable Contribution by Govt. under Pension Fund Allowances

25 Income Tax taxable slabs In case of Resident Individual Range of Net Income Upto Rs. 2,50,000 Tax Rate NIL Rs. 2,50,001 Rs.5,00,000 10% of (Total Income minus Rs. 2,50,000) Rs. 5,00,001 Rs.10,00,000 20% of (Total Income minus Rs. 5,00,000) +25,000 Rs. 10,00,001 Rs.1,00,00,000 30% of (Total Income minus Rs. 10,00,000)+1,25,000 Above Rs. 1,00,00,000 * 30% of (Total Income minus Rs. 1,00,00,000) + 28,25,000 * - 10% of Income Tax is applicable over and above the normal rates of Income tax Also, 2% Education Cess & 1% Secondary and Higher Education Cess is applicable on the above rates

26 Deductions admissible from Salary Income Section under Income Tax 80C 80CCC 80CCA Deduction available LIC Premium, PF, Sukanya Samridhi A/c etc. Pension National Saving Certificate (Maximum Limit for above sections combined at Rs. 1,50,000) 80CCF Infra Bonds upto Rs 20,000 80CCG 80D Rajiv Gandhi Equity Saving Scheme (if income is upto Rs. 12,00,000 ; deduction available : 50% of Investment or Rs. 25,000 whichever is lower) Health Insurance Premium, Mediclaim Insurance, CGHS contribution, Preventive health check-up General deduction : Rs. 15,000 Addln deduction for Sr. Citizen : Rs 5,000

27 Section under Income Tax 80DD 80DDB 80E 80EE Deduction available Medical Treatment, Training,Rehabilitation of a dependent with disability Disability Rs. 50,000 Severe Disability (>80%) Rs. 1,00,000 Medical expenditure for chronic diseases Individual & HUF Rs. 40,000 In case Senior Citizens Rs. 60,000 Continued.. Interest on Education loan Max for 8 Years or till Interest is repaid in full (whichever is earlier) Interest on Residential House property loan (Max Rs.1 Lakh) Under section 24 (b) Rs. 2,00,000 80G Donation to : Registered Institutions 100% of donation made eg.ndf In some cases 50 % of donation made eg. National Children s Fund

28 Operational Highlights

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