Citizen), the basic exemption limit is sound financial plan. Your financial plan will be

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2 INDEX About YES BANK Limited 1 Introduction to Tax Planning 2 Filing of Income Tax Returns 2 Income from Salary 2 Income from House Property 4 Introduction to Capital Gains 4 Investments 7 Provident Fund 9 Perquisites 10 Medical Health Policy 11 Home Loan 11 Education Loan 12 Tuition Fees 12 Donations made to charitable institutions 12 Savings Bank Account 13 Max Life Insurance Co. 14 Bajaj Allianz General Insurance Co. 15 Franklin India Tax Shield 16 Reliance Tax Saver (ELSS) Fund 17 YES BANK Tax Saver Fixed Deposit 18 Disclaimers 19 ABOUT YES BANK YES BANK is a state-of-the-art high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India, and is an outcome of the professional & entrepreneurial commitment of Dr. Rana Kapoor, Founder, Managing Director & CEO. As the Professionals Bank of India, YES BANK has exemplified creating and sharing value for all its stakeholders, and has created a differentiated Banking Paradigm. Our focus on Governance and Good Corporate Citizenship, actualized through YES BANK s Responsible Banking approach, stands evidence to YES BANK s strategic vision. Since inception in 2004, YES BANK has fructified into a Full Service Commercial Bank that has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the country, and is well equipped to offer a range of products and services to corporate and retail customers. The Bank also has a widespread branch network of over 400 branches across 250 cities, with over 700 ATMs and 2 National Operating Centres in Mumbai and Gurgaon. Since inception, YES BANK has adopted innovative and creative technologies that facilitate in the delivery of world-class banking solutions that significantly improve the business and financial efficiency of our clients. YES BANK has been recognized amongst the Top and the Fastest Growing Bank in various Indian Banking League Tables by prestigious media houses and Global Advisory Firms, and has received national and international honours for our various Businesses including Corporate Finance, Investment Banking, Treasury, Transaction Banking, and Sustainable practices through Responsible Banking. The Bank has received several recognitions for its world-class IT infrastructure, and payments solutions, as well as excellence in Human Capital. YES BANK is committed towards building the Best Quality Bank of the World in India resting on the strengths of its six key pillars and differentiation built through exemplary Customer Service, to ensure that it provides the finest Banking Experience to its customers. 1

3 INTRODUCTION TO TAX PLANNING (b) In the case of a resident individual of the age 80 years or more (Very Senior Savings and Investments are the two pillars of a Citizen), the basic exemption limit is sound financial plan. Your financial plan will be Rs.5,00,000 based on your aspirations, your life style, your age group, your family and their goals etc. Education cess of 2% and Secondary & Tax planning plays a major role in financial Higher Education Cess of 1% are levied on planning. However, the general public perceives the computed Income Tax amount. tax planning as tax saving. Tax planning includes Filing of Income Tax Returns both savings and investments and should conform to your overall financial plans and goals. Filing of Income Tax return is compulsory for Therefore, it is important to start planning for all individuals whose annual taxable income is tax on time. above Rs.2,00,000/- even if tax liability is This booklet means to serve as a ready reckoner "Zero" or has been made "Nil" with for tax saving so that you may optimize your tax deduction at source. liability. To gain further perspective on financial Last date for filing of Income Tax return is planning, do get in touch with a Financial Advisor 31st July. of YES BANK. Please note that each organization will have Income Tax Slab Financial Year its own deadline for Declaration of Tax Saving Investments. Kindly refer your Male and Female below 60 yrs of age company policy for the same If income includes business or profession Income Tax Rate income requiring Tax Audit, last date is 31st (a) (b) Up to Rs.2,00,000 Nil October Rs.2,00,001 to Rs.5,00,000 10% Consult your Chartered Accountant or Tax Rs.5,00,001 to Rs.10,00,000 20% Advisor for more details and for final calculation of your tax liability Rs.10,00,001 and above 30% INCOME FROM SALARY (a) In the case of a resident individual of the age of 60 years or more but below the For the purposes of Income Tax, the term age of 80 years (Senior citizen), the basic salary takes a much wider meaning than exemption limit is Rs.2,50,000. generally understood. Every payment made by 2 an employer to his employee for services than Rs.1,50,000. Else, Form 12BA is required rendered, be it monetary payments (e.g. Basic with detail of perquisites. Salary, Bonus, Allowances, etc.) or non- Salary received from more than one employer monetary facilities (e.g. Housing, medical facility, etc.), would be accounted as income from If, during the same year, one quits a job and salaries. joins another employer, two important questions arise Salary is chargeable to tax either on due or I. Whether the salary received from the receipt basis, whichever is earlier. previous employer must be reported to The most common components of Salary, both the current employer? monetary and non-monetary, include: ii. Can one directly account for those salaries 1. Basic Salary/ Wages in the return of income? 2. Provident Fund Contribution One is legally bound to tell the current employer his/her salary from another 3. House Rent Allowance employer as provided under section 192, and 4. Transport Allowance the current employer has to deduct tax on 5. Conveyance Allowance the aggregate of salaries received during the 6. Medical Allowance/ Reimbursements year by the said employee 7. Leased Accommodation 8. Car Lease 9. Phone Bill Reimbursements 10. Food Coupons Income Tax Rule 26(2) provides that the employer shall furnish statement of salary in, Income Tax Rule 26(1) provides that the employee shall report the salaries received from another employer in Form 12B Important Compliance: Mandatory to declare salary from all employers during the year a) Form 16, if the amount of salary paid or payable to the employee is less than or ITR Filing: Mandatory to pay additional tax equal to Rs.1,50,000 liability arising out of the combined income from b) Form 12BA, if the amount of salary paid or more than one employer payable to the employee is more than Rs.1,50,000 Here, salary paid means value of perquisites. Form 16 will suffice if value of perquisites is less 3

4 INCOME FROM HOUSE PROPERTY When does a Capital Gain or Loss arise? When the sale price of a capital asset is more This head refers to income from any than its purchase price, you incur a capital gain residential property (not commercial) Similarly, when the sale price of a capital asset If you have let-out your house property (or is less than its purchase price, you incur a have a second house property which is capital loss vacant, which will be deemed to be let out) and received rental income (A) and municipal In most of the cases while computing long taxes (if you paid any) (B) will be deductible term capital gain, we have to consider the from your rental income. You will get 30% indexed cost of acquisition standard deduction on net rental income (A- Indexation is the adjustment of an B). As a result, you pay taxes only on 70% of economic variable (here, capital gains) the rental income according to an index (such as that If a loan is taken by you for purchase the of inflation), in order to maintain the house property then you will get the interest purchasing power of the public. This is deduction u/s 24(b) and principal component done basis Reserve Bank of India s Cost will be deductible u/s 80C (refer Table 1.1) Inflation Index Only one property can be shown as selfoccupied at the time of filing of income tax returns The purchase price that needs to be used for calculating the long term capital gain is thus called the Indexed Cost of Acquisition INTRODUCTION TO CAPITAL GAINS Classification of Capital Gains Capital gain is classified into two types, Capital Asset roughly means property a depending on the period of holding of the house, an apartment, office space, factory, capital asset godown or a plot of land Short Term Capital Gain (STCG) Agricultural land is not considered as a capital asset, unless it is situated within the limits of, Long Term Capital Gain (LTCG) or within 8 kilometers of a municipality or a Short Term Capital Gain (STCG) cantonment board having a population of Mutual Funds and Shares or more or in any notified area. If shares or equity MFs are held for less than Investments such as shares and bonds are 12 months immediately prior to its date of also considered as capital assets transfer, the gain arising is classified as Short 4 Term Capital Gain. The shares / equities should be sold on a recognized stock exchange, and securities transaction tax (STT) should be paid on it. ^Assuming the investor falls in to the highest tax bracket 5 If the sale of shares is off-market (that is, not on a stock exchange), the gain would be classified like that for other capital assets. A short term capital loss arising from sale of shares can be offset against a short/long term capital gain from sale of other shares, as long as both the sales occur in the same financial year All Other Capital Assets If the capital asset is held for less than 36 months immediately prior to its date of transfer, the gain arising from it is classified as Short Term Capital Gain This short term capital gain is clubbed with your income for the year, and is taxed at a rate as per the applicable tax slabs / brackets How much capital gains tax to pay if your income is below the taxable threshold? If your total income including the STCG is less than the taxable threshold, you would not have to pay any STCG tax If your total income excluding STCG (denoted as A) is less than the taxable threshold, but the total income including STCG (denoted by B) is more than the taxable threshold, you would only have to pay STCG tax on the excess amount (B taxable threshold) Long Term Capital Gain (LTCG) Mutual Funds and Shares Short Term Capital Gains (Units held for 12 months or less) Tax Rate Net Tax Rate Shares/Equity Oriented Schemes 15% + 3% Cess % Other Than Equity Oriented Schemes 30%^ + 3% Cess % If shares or equity MFs are held for more than 12 months immediately prior to its date of transfer, the gain arising is classified as Long Term Capital Gain.

5 All Other Capital Assets Long Term Capital Gains (Units held for more than 12 months) In case of assets other than equity shares or equity MFs, if the capital asset is held for more than 36 months before selling, the gain arising from the sale is classified as Long Term Capital Gain In case of a house, you can add cost of improvements (incurred during your ownership of the house) to the cost price of the house. This cost can be indexed (and therefore, increased!). Result reduced capital gains liability 6 Tax Rate Net Tax Rate Shares/Equity Oriented Schemes Nil Nil Other Than Equity Oriented Schemes - Without Indexation 10% + 3% Cess % - With Indexation 20%+ 3% Cess % How much capital gains tax to pay if your income is below the taxable threshold? If your total income including the LTCG is less than the taxable threshold, you would not have to pay any LTCG tax. If your total income excluding LTCG (denoted as A) is less than the taxable threshold, but the total income including LTCG (denoted by B) is more than the taxable threshold, you would only have to pay LTCG tax on the excess amount (B taxable threshold). Important Compliance: Pay timely quarterly advance tax for capital gains ITR Filing: Long Term Capital Gains (Asset held for more than 36 months) 1. File correct ITR i.e. ITR-2 or ITR-4 depending on the case Tax Rate 2. File before the due date to be eligible to carry forward capital losses Net Tax Rate Othe Capital Assets (with Indexation) 20%+ 3% Cess % INVESTMENTS (TABLE 1.1) Section under which the Instrument / Expense Maximum Amount permitted rebate can be claimed for deduction Section 10(14) Transport Allowance Rs.9,600 Section 17(2) Medical Reimbursement Rs.15,000 Section 24(b) Interest on Home Loan Rs.1.5 lakh (if self-occupied) or Actual amount paid (if rented) Section 80(D) Medical Insurance premium paid for self, spouse, child Preventive health check-up (up to Rs.5,000) Medical Insurance premium paid for parents 7 Rs.15,000 Rs.15,000 (Rs.20,000 if parents are of age 60 years or above) Section 80(D)(D) Expenses incurred over a Rs.50,000 disabled person (Rs.1 lakh if disability is severe) Section 80(E) Interest on Education Loan (repaid during the year; including any loan taken for dependents) No upper limit Section 80(G) Donations to charitable Amount donated or 10% of organizations adjusted GTI (certain funds exempt from tax) Section 80(T)(T)(A) Interest earned from Savings Rs.10,000 Bank Account

6 INVESTMENT-LINKED TAX SAVINGS Section 80(C) Section 80CCD(2) National Savings Certificate Public Provident Fund Employee Provident Fund Tuition fees for children Life Insurance premium Equity-linked Savings Scheme Bank FDs of tenure 5 years Home Loan Principal Repayment Pension Plan u/s 80(C)(C)(C) Stamp duty/registration charges paid on purchase of new house New Pensions Scheme (80CCD(1) - self contributed) New Pension Scheme (employer contributed) Aggregate deduction up to Rs.1,00,000 10% of Basic Salary Section 10(10)(D) Maturity/death claims proceeds No upper limit of Life Insurance policy Maximum deduction available under Section 80(C) is Rs. 1 lakh. Any amount up to Rs. 1 lakh invested in certain specified instruments reduces your Gross Taxable Income (GTI) by the same amount Additional deduction of Rs 20,000 for infrastructure bonds has not been extended for FY Equity-linked Savings Scheme (ELSS) is a good investment avenue for a first-time investor in equity funds. Apart from benefits such as tax-free dividends and no tax on income, it also has a small lock-in period. The Systematic Investment Plan (SIP) route for investing into ELSS will help mitigate risk. Tier I NPS account (New Pension Scheme) is eligible for tax benefit. Tier I is a non-withdrawal account. Employer s contribution (u/s 80CCD(2)) is eligible for additional deduction over the 80(C) limit. Before 60 years of age, only 20% can be withdrawn rest should be in annuity plan Investment Return Are returns Lock in period Instrument taxable NSC 8% % Yes interest 5 years ELSS Depends on equity markets No 3 years and fund manager ULIP Depends on scheme and No Varies fund management Infrastructure bond 5% to 8.5% Yes 3 years to 10 years EPF / PPF 8% 8.6% No 5/15 years NPS Depends on investment No 60 years of age option selected Bank FD Around 9.5% currently Yes 5 years Assess your income to arrive at the amount you need to invest in this section. For individuals in the higher income bracket, Section 80(C) may not be sufficient to reduce overall tax liability The maturity proceeds of life insurance policies are not taxable under Section 10(10)(D). However, if it is received under an insurance policy issued on or after the 1st day of April, 2003 and the premium payable for any of the years during the term of the policy exceeds 10% of the actual capital sum assured (this does not take into account the loyalty bonus component), then it will no longer be exempted under this section. A list of life insurance products recommended by our Life Insurance partner, Max Life Insurance can be found on page 14 If you have a dependent who is disabled, you can claim a deduction against expenses incurred over him under Section 80(D)(D). The limit for this is Rs.50,000, and if the disability is severe the amount limit is Rs. 1 lakh PROVIDENT FUND The Provident Fund Scheme is a Statutory Long Term Savings Scheme. Under this scheme, a specified amount is deducted from employee s salary as his/her contribution towards the fund. Generally, the employer also contributes the same amount out of his pocket to the fund. These funds are invested in approved securities, and the interest earned is credited to the employee. 8 9

7 Both Employer and Employee contribute agreement or the rent receipts need to be 12% of basic salary submitted as proof telephone expenses incurred by you for both, official as well as personal purposes limit of Rs.15,000 for medical insurance premium The employer s contribution is exempt from taxes and hence does not reflect in Form 16 Employer s contribution over and above 12% of basic salary is treated as employee s income Employee s contribution up to Rs.1,00,000/- is allowed as deduction u/s 80C PERQUISITES Perquisite is defined as any casual benefit attached to an office or position in addition to salary Medical Reimbursement Under Section 17(2), an amount up to Rs 15,000 p.a. (Rs p.m.) can be claimed against actual supporting documents Actual bills of chemist, doctors fee, tests incurred for self, spouse, children, dependent parents, brother or sister must be presented House Rent You can take advantage of this if you are renting an accommodation The House Rent Allowance (HRA) received from your company is taxable Under section 10(13A), for HRA to be exempted from tax, the registered rent If you want to pay rent to your parents or relatives (kindly note this arrangement cannot be done with your spouse), you will need to treat them as landlords and request the owner of the house to declare it in his/her personal income tax return The HRA deduction is based on salary, HRA received, the actual rent paid and city of residence Conveyance Allowance Conveyance allowance is granted for meeting the expenditure on conveyance in performance of duties of an office Conveyance is exempt to the extent of amount spent or amount received whichever is lower Transport Allowance Transport allowance is allowed for commuting from workplace to residence Rs. 800 p.m. is allowed as Transport allowance No supporting document is required to be submitted to employer for claiming this exemption Phone Bill Reimbursement by the employer for Telephone allowance is fully taxable. Only the reimbursements are tax free Every claim for reimbursement should be supported with bills Food Coupons One or Two Meals (i.e. breakfast, lunch, dinner) per day during working hours could be considered as reasonable and Rs. 50 per meal is the exemption limit These Food Coupons (and the attached allowance) are non-transferable and can be used only at food establishments MEDICAL HEALTH POLICY (also known as Health Insurance policy) If you have a medical policy for yourself, an amount up to Rs.15,000 paid as the insurance premium can be claimed to save tax under Section 80(D) Interest payment on home loan is covered under Section 24(b). You can claim up to Rs.1.5 lakh of the interest repayment for self- occupied house This can also include medical insurance premium paid for a policy of your spouse and children An additional avenue of Rs 5,000 is also available under Section 80(D) to cover expenses for preventive health check-ups for self and family members within the overall If your parents have medical policies and you pay those premiums, this too will entitle you to an additional benefit of Rs.15,000. Remember, this is over and above your own (and spouse and children) policy premium. For individuals aged 60 years, the benefit can be up to Rs.20,000 HOME LOAN Housing loans are very useful while saving taxes Stamp duty charges and registration charges paid (if a housing loan is taken) while purchasing a new house (in the year of assessment) are eligible for tax deduction (C) under Section 80 If you live in the house you have bought, the principal amount repayment of up to Rs.1 lakh is covered for deduction under Section 80(C) If you have rented-out the house you have bought, the principal amount repayment of up to Rs.1 lakh is covered for deduction under Section 80(C). However, under Section 24(b), 10 11

8 interest is deductible without any limit full time post-graduate course in the pure or A husband and wife, both of whom are tax applied sciences payers with independent income sources, The deduction is available for maximum 8 and have jointly taken a housing loan, get tax years or till the interest is paid, whichever is deduction benefits equal to the sum of their earlier individual benefit, i.e. up to Rs. 3 lakh on interest on self occupied property. TUITION FEES Capital gains on sale of long term house property is exempted if one purchases a new residential house within a period of one year prior to or two years after transfer of the original house or construct new house within a period of three years. Alternatively, one can invest the amount in specific bonds that fall under section 54EC of the Income Tax Act Important ITR Filing: ITR-2 to be filed if more than 2 houses. EDUCATION LOAN Tuition fees paid to a recognized educational institution, playschool or crèche can give tax benefit too Section 80(C) allows deduction of tuition fees spent for up to 2 children and up to an amount of Rs.1 lakh Both parents can claim this benefit separately Note that the tuition fee paid to foreign colleges and private coaching classes does not qualify for deduction DONATIONS MADE TO CHARITABLE INSTITUTIONS Under Section 80(G), 100% of amount of Any interest repaid on education loan gives donation made to government funds and trusts tax benefit qualifies for deduction. There is a specified If you have taken a loan for higher studies for shortlist of institutions which qualify for 100% yourself, spouse or child, the entire interest benefit. For private funds / trusts, 50% of the payment is eligible for exemption under lower of actual donation or 10% of adjusted Section 80(E) gross total income, is eligible for deduction However, the loan should be taken for a full Deduction under this section cannot exceed time graduate or post-graduate program in your taxable income engineering, medicine or management or a The trust must be registered in India. Donations made to foreign trusts do not qualify for deduction Receipt of donation needs to be produced. Donation made in kind is not recognized for deduction; it must be cash, cheque etc. Important Compliance: PAN of the organization mandatory ITR Filing: To be claimed while filing ITR as the income tax benefit cannot be given by employer SAVINGS BANK ACCOUNT An amount up to Rs.10,000 can be deducted from taxable income under Section 80(T)(T)(A) for interest from Savings Bank Account. If taxable salary income from one employer is up to Rs.5,00,000 (TDS having been deducted by employer) and interest from savings bank accounts is up to Rs 10,000 and no refund is due from department, no tax return is to be filed

9 MAX LIFE INSURANCE BAJAJ ALLIANZ GENERAL INSURANCE Bajaj Allianz Family Floater Health Guard Complete Protection for you and your family For Further Details Call Toll Free: Visit: Health Guard Policy In these times of rising medical costs, Bajaj Allianz s Health Guard Policy is the perfect Health protection. Key Feature: Covers medical expenses incurred due to hospitalisation. Cashless facility for 60 days pre-hospitalisation & 90 days for post hospitalisation expenses. Tax Bene?ts under section 80 D of IT Act Hassle free claim settlement by our in house claims team. Advantage with Bajaj Allianz General Insurance Co. Ltd. Above 1 Lac claims processed in Response time for cashless approval within 45 minutes Avail bene?ts on your health card across various service providers Tie up with more than 3000 Network Hospitals and more than 950 Diagnostic clinics across the country You can either choose individual sum insured or on a foater basis for the entire family Bajaj Allianz General Insurance Co. Ltd. Redg. Office - G.E. Plaza, Airport Road, Yerawada, Pune Reg. No.: 113 Insurance is the subject matter of the solicitation Yes Bank is licensed corporate Agent [bearing License No.: ] of Bajaj Allianz General Insurance Company Ltd. [IRDA registration No. 113]. The benefits/features of products are indicative and for more details on risk factors and Terms and Conditions please read sales brchure concluding a sale. ADCODE 14 15

10 FRANKLIN INDIA TAXSHIELD A diversified equity Fund that follows a bottom-up stock selection approach with no bias to marketcapitalization AMC: Franklin Templeton India Asset Management Company Limited Inception: 10 Apr 1999 Fund Type: Open Ended Growth Fund Fund Size: Rs. 831 Crore Equity to Cash Allocation: 93.9 : 6.08 Entry Load: Nil Exit Load: Nil Benchmark Index: S&P Nifty Concentration (Top 10 Holding Scripts) : 42.1% Fund Commentary Tops the charts as per our ranking methodology and is a best-performing fund on long-term as well as short-term return parameters. The Fund Manager has increased allocation to Banks, Food Processing & Beverages and reduced allocation in construction and & IT sectors. 100% RETURNS (%) Time horizon Fund S&P Nifty 25% 20% 1 Year % 2 Years % 5% 3 Years % 5 Years % -10% CYTD MARKET CAP BREAKUP 0% 0% Large Cap Mid Cap Small Cap TOP 5 SECTORS (% of Net Assets) Banks 21.1 Pharma & Healthcare 12.7 Auto & Auto Ancillaries 9.5 Petrochemicals 9.0 IT & Peripherals NAV vs BENCHMARK Franklin India Taxshield S&P Nifty 3-Oct-11 3-Jan-12 3-Apr-12 3-Jul-12 3-Oct-12 TOP TEN STOCKS (% of Net Assets) ICICI Bank Ltd. 6.9 Bharti Airtel Ltd. 5.6 HDFC Bank Ltd. 5.2 Infosys Ltd. 5.1 Grasim Industries Ltd. 4.5 Reliance Industries Ltd. 4.1 Dr. Reddy Laboratories Ltd. 3.6 IndusInd Bank Ltd. 2.7 Gujarat Mineral Dev Co Ltd. 2.3 Eicher Motors Ltd. 2.3 Above fact sheet prepared as per data available on October 30, 2012 RELIANCE TAX SAVER (ELSS) FUND A diversified equity Fund that follows a bottom-up stock selection approach with no bias to market-capitalization AMC: Reliance Capital Asset Management Limited Inception: 16 Nov 2004 Fund Type: Open Ended Equity Linked Savings Scheme Fund Size: Rs Crore Equity to Cash Allocation: : 0.11 Entry Load: Nil Exit Load: Nil Benchmark Index: S&P Nifty Concentration (Top 10 Holding Scripts) : 45.0% Fund Commentary A consistent performer, with strong performance shown particularly in the last 1year period The Fund Manager has reduced allocation in Power & Miscellaneous sectors and increased allocation in Engineering and Metals. 90% RETURNS (%) Time horizon Fund S&P Nifty 1 Year Years Years Years CYTD MARKET CAP BREAKUP 10% 0% Large Cap Mid Cap Small Cap TOP 5 SECTORS (% of Net Assets) Auto & Auto Ancillaries 23.2 Banks 10.0 Engineering 8.7 Pharma 7.5 Construction materials % 20% 10% 0% -20% 17 Reliance Tax Saver (ELSS) NAV vs BENCHMARK S&P Nifty 3-Oct-11 3-Jan-12 3-Apr-12 3-Jul-12 3-Oct-12-10% TOP TEN STOCKS (% of Net Assets) Maruti Suzuki India Ltd. 6.3 State Bank of India 6.0 Eicher Motors Ltd. 6.0 Madras Cements Ltd. 4.4 Divis Laboratories Ltd. 4.2 ICICI Bank Ltd. 4.0 Bajaj Finance Ltd. 3.7 Alstom T&D Ltd. 3.7 Bharat Forge Ltd. 3.4 Sanofi India Ltd. 3.3 Above fact sheet prepared as per data available on October 30, 2012 The original page on Reliance Tax Saver (ELSS) Fund as part of YES Tax Solutions Guidebook contained an unintended typographical error. This page contains the correct information. We regret the error.

11 TAX SAVER FIXED DEPOSIT At YES BANK, we understand your need for security. Our secure Tax Saver Fixed Deposits provide you with greater earnings and the benefit of Tax Saving. Some of the features & benefits of YES Tax Saver Fixed Deposit are: Most Competitive Rate of Interest as per prevailing 5 year deposit rates Minimum deposit amount is Rs.10,000 (multiples of Rs.1,000) Maximum deposit amount is Rs.100,000 in a financial year 0.75% extra interest for Senior Citizens Nomination facility available Option to Payout or Reinvest interest every quarter For information about current interest rate, please visit our website or contact your nearest YES BANK branch. DISCLAIMER YES BANK Limited, Max Life Insurance Company, Bajaj Allianz General Insurance Company and Tax Spanner are names of the companies and Tax Saving Fixed Deposit, Life Insurance, General Insurance and Mutual Funds Equity Linked Saving Scheme are the names of the product categories and do not in any way indicate the name, quality of the products and future prospects or returns. In this policy, the investment risk in investment portfolio is borne by the policyholder. Investment in ULIPs is subject to risks associated with the capital markets. The policyholder is solely responsible for his/her decisions while investing in ULIPs. The contract of insurance is between the insurer and the insured. For more details on risk factors, terms and conditions please read sales brochures carefully before concluding a sale. In the preparation of the material contained in this guidebook, YES BANK Limited and TaxSpanner has used information that is publicly available, including information developed in-house. Information gathered & material used in this guidebook is believed to be from reliable sources. YES BANK Limited however does not warrant the accuracy, reasonableness and/or completeness of any information. Nor does this exclude the possibility of any alternate recommendation or strategy. The recommendation of YES BANK is only one of the strategies which can be adopted by you at your sole discretion for achieving your financial objectives. For data reference to any third party in this material no such party will assume any liability for the same. the forward looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an impact on our services and / or investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the industry. By their nature, certain market risk disclosures are only estimates and could be materially different from what actually occurs in the future. As a result, actual future gains or losses could materially differ from those that have been estimated. YES BANK Limited and any of its officers directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/ are liable for any decision taken on the basis of this material. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do so on the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance thereof. Such past performance may or may not be sustained in future. YES BANK Limited or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/ commodities discussed herein or act as advisor or lender/ borrower in respect of such YES BANK Limited does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. We have included statements/opinions/recommendations in this guidebook which contain words or phrases such as "will", "expect" "should" and similar expressions or variations of such expressions, that are "forward looking statements". s e c u r i t i e s / f i n a n c i a l i n s t r u m e n t s / Actual results may differ materially from those suggested by products/commodities or have other 18 19

12 potential conflict of interest with respect to any recommendation and related information and opinions. The said persons may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of YES BANK Limited. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else. Tax-benefits are as per prevailing Income Tax laws and shall be subject to change basis modifications/amendments in applicable statutes/laws. All charges applicable shall be levied. The information in this guidebook or those provided under any communication/advice reflects prevailing conditions and the views of YES BANK as on that date all of which are subject to change. YES BANK shall have the discretion to charge such fees as it may deem fit from time to time and may at its sole discretion, revise the fees for use of any or all of the Facility, All advice provided hereunder are recommendatory in nature and the person acting on the same does so as his/its sole discretion. All recommendation shall be subject to the additional conditions, qualifications and riders if any specified for securities/products in the offer documents/offering memorandum/ terms and conditions for such securities/ products. YES BANK, its employees, agents and affiliates shall not be liable for lost opportunity or consequential damages. No warranties: To the fullest extent permissible pursuant to applicable law, YES BANK, is affiliates, officials, personnel disclaim all warranties, statutory, express or implied, including, but not limited to, implied warranties of appropriateness, fitness for a particular purpose, and non- infringement of proprietary rights. No advice or information, whether oral or written, obtained by the customer from YES BANK, its officials, personnel, through the facility will create any warranty not expressly stated herein. You expressly acknowledge that as used in this section, the term YES BANK include YES BANK s respective officers, directors, employees, shareholders, agents, licensors and subcontractors. by notice to the Customer. The charges payable would be debited from the account of the Customer instantly. The Customer shall be required to refer to the schedule of fees put up on the Website from time to time. If the Customer defaults in making payment of the charges to YES BANK, YES BANK shall be entitled (without prejudice to any other right or remedy it may have) to charge the Customer with a late payment interest at the applicable rate for delayed payment on all late payments from the date the charge was required to be paid till the actual date of payment The relationship under these presents shall be further subject to such additional terms as YES BANK may stipulate from time to time. YES BANK is not acting in a fiduciary capacity when providing any guidance/recommendations contemplated under this programme and no presumption as to any other form of relationship shall be presumed. Governing Law Any dispute or differences arising out of or in connection with the Facility shall be subject to the exclusive jurisdiction of the Courts of Mumbai. YES BANK accepts no liability whatsoever, direct or indirect for non-compliance with the Laws of any country other than that of India. The mere fact that the Facility can be accessed by a Customer in a country other than India does not imply that the laws of the said country govern these terms and conditions and / or the operations in the accounts of the Customer and / or the use of the Facility. Insurance is subject matter of the solicitation. Mutual Fund Investments are subject to market risks please read the offer document carefully before investing. Copyright 2012 YES BANK LIMITED. YES BANK LIMITED Mumbai Office: Nehru Centre, Discovery of India, Worli, Mumbai Tel: , Fax: New Delhi Office: 48 Nyaya Marg, Chanakyapuri, New Delhi Tel: , Fax: The content of this handbook related to taxation has been certified by TaxSpanner. TaxSpanner is India's largest and most trusted website that offers online preparation and filing of individual Income Tax Returns (ITR). Established in 2007, TaxSpanner is based out of New Delhi and Bangalore. Since then, it has grown to build the largest customer base in this market segment. 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