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ABOUT YES BANK YES BANK has been recognized amongst the

Top and the Fastest Growing Bank in variousYES BANK is a state-of-the-art high quality, Indian Banking League Tables by prestigiouscustomer centric, service driven, private Indian media houses and Global Advisory Firms, andBank catering to the Future Businesses of India, has received national and international honoursand is an outcome of the professional & for our various Businesses including Corporateentrepreneurial commitment of Dr. Rana Kapoor, Finance, Investment Banking, Treasury,Founder, Managing Director & CEO. As the Transaction Banking, and Sustainable practicesProfessionals Bank of India, YES BANK has through Responsible Banking. The Bank hasexemplified creating and sharing value for all its received several recognitions for its world-classstakeholders, and has created a differentiated IT infrastructure, and payments solutions, as well

Banking Paradigm. Our focus on Governance and as excellence in Human Capital.Good Corporate Citizenship, actualized through

YES BANK is committed towards building theYES BANKs Responsible Banking approach,

Best Quality Bank of the World in India stands evidence to YES BANKs strategic vision.

resting on the strengths of its six key pillars andSince inception in 2004, YES BANK has differentiation built through exemplaryfructified into a Full Service Commercial Bank Customer Service, to ensure that it provides the

that has stea dily buil t Corp orat e and finest Banking Experience to its customers.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 retailcustomers. 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.

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

INDEX

1

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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 employermonetary facilities (e.g. Housing, medical facility,

If, during the same year, one quits a job andetc.), would be accounted as income fromjoins another employer, two importantsalaries.questions arise

Salary is chargeable to tax either on due orI. Whether the salary received from the

receipt basis, whichever is earlier.previous employer must be reported to

the current employer?The most common components of Salary, bothii. Can one directly account for those salaries

monetary and non-monetary, include:in the return of income?

1. Basic Salary/ Wages One is legally bound to tell the current2. Provident Fund Contribution

employer his/her salary from another3. House Rent Allowance

employer as provided under section 192, and4. Transport Allowance

the current employer has to deduct tax on5. Conveyance Allowance

the aggregate of salaries received during the6. Medical Allowance/ Reimbursements year by the said employee

7. Leased Accommodation Income Tax Rule 26(1) provides that the

8. Car Leaseemployee shall report the salaries received

9. Phone Bill Reimbursementsfrom another employer in Form 12B

10. Food Coupons

Important Income Tax Rule 26(2) provides that the

employer shall furnish statement of salary in, Compliance: Mandatory to declare salary fromall employers during the yeara) Form 16, if the amount of salary paid or

payable to the employee is less than orITR Filing: Mandatory to pay additional tax

equal to Rs.1,50,000liability 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

INTRODUCTION TO TAX PLANNING

INCOME FROM SALARY

(b) In the case of a resident individual of the

age 80 years or more (Very SeniorSavings and Investments are the two pillars of a Citizen), the basic exemption limit issound financial plan. Your financial plan will be Rs.5,00,000based on your aspirations, your life style, your

Education cess of 2% and Secondary &age group, your family and their goals etc.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 includesFiling of Income Tax Returns

both savings and investments and should Filing of Income Tax return is compulsory forconform to your overall financial plans and goals.

all individuals whose annual taxable income isTherefore, it is important to start planning forabove Rs.2,00,000/- even if tax liability istax on time."Zero" or has been made "Nil" withThis booklet means to serve as a ready reckoner

deduction at source.for tax saving so that you may optimize your tax

liability. To gain further perspective on financial Last date for filing of Income Tax return isplanning, do get in touch with a Financial Advisor 31st July.of YES BANK.

Please note that each organization will haveIncome Tax Slab Financial Year its own deadline for Declaration of Tax2012 2013 Saving Investments. Kindly refer your

company policy for the sameMale and Female below 60 yrs of age

If income includes business or professionIncome Tax Rate income requiring Tax Audit, last date is 31st

(a) (b)

OctoberUp to Rs.2,00,000 Nil Consult your Chartered Accountant or TaxRs.2,00,001 to Rs.5,00,000 10%

Advisor for more details and for finalRs.5,00,001 to Rs.10,00,000 20%

calculation of your tax liability

Rs.10,00,001 and above 30%

(a) In the case of a resident individual of theFor the purposes of Income Tax, the termage of 60 years or more but below thesalary takes a much wider meaning thanage of 80 years (Senior citizen), the basicgenerally understood. Every payment made byexemption limit is Rs.2,50,000.

32

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Term Capital Gain. The shares / equities If the sale of shares is off-market (that is, not

should be sold on a recognized stock on a stock exchange), the gain would be

exchange, and securities transaction tax classified like that for other capital assets.

(STT) should be paid on it.

INCOME FROM HOUSE PROPERTY

INTRODUCTION TO CAPITAL GAINS

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 gainresidential 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 ahave a second house property which is

capital lossvacant, which will be deemed to be let out)

In most of the cases while computing longand received rental income (A) and municipal

term capital gain, we have to consider the taxes (if you paid any) (B) will be deductible

indexed cost of acquisitionfrom your rental income. You will get 30%

standard deduction on net rental income (A- Indexation i s 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 Indias Cost

will be deductible u/s 80C (refer Table 1.1) Inflation Index

Only one property can be shown as self- The purchase price that needs to be used for

occupied at the time of filing of income tax calculating the long term capital gain is thus

returns called the Indexed Cost of Acquisition

Classification of Capital Gains

Capital gain is classified into two types, Capital Asset roughly means property a

depending on the period of holding of thehouse, 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

Long Term Capital Gain (LTCG)asset, unless it is situated within the limits of,

Short Term Capital Gain (STCG)or within 8 kilometers of a municipality or a

cantonment board having a population of Mutual Funds and Shares10000 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

54

^Assuming the investor falls in to the highest tax bracket

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

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.

Short Term Capital Gains (Units held for 12 months or less)

Tax Rate Net Tax Rate

Shares/Equity Oriented Schemes 15% + 3% Cess 15.450%

Other Than Equity Oriented Schemes 30%^ + 3% Cess 30.900%

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All Other Capital Assets

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

76

Long Term Capital Gains (Units held for more than 12 months)

Tax Rate Net Tax Rate

Shares/Equity Oriented Schemes Nil Nil

Other Than Equity Oriented Schemes

- Without Indexation 10% + 3% Cess 10.300%

- With Indexation 20%+ 3% Cess 20.600%

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:

1. File correct ITR i.e. ITR-2 or ITR-4 depending on the case

2. File before the due date to be eligible to carry forward capital losses

Long Term Capital Gains (Asset held for more than 36 months)

Tax Rate Net Tax Rate

Othe Capital Assets (with Indexation) 20%+ 3% Cess 20.600%

INVESTMENTS (TABLE 1.1)

Section under which the Instrument / Expense Maximum Amount permittedrebate 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)

Medical Insurance premium paid Rs.15,000

for self, spouse, child

Section 80(D) Preventive health check-up

(up to Rs.5,000)

Medical Insurance premium paid Rs.15,000

for parents (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 No upper limit

any loan taken for dependents)

Section 80(G) Donat ions to char it ab le Amount donated or 10% o f

organizations adjusted GTI

(certain funds exempt from tax)

Section 80(T)(T)(A) Interest earned from Savings Rs.10,000

Bank Account

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98

INVESTMENT-LINKED TAX SAVINGS

Section 80(C) National Savings Certificate

Public Provident Fund

Employee Provident Fund

Tuition fees for children

Life Insurance premium

Equity- linked Sav ings Scheme Aggregate deduction up to

Bank FDs of tenure 5 years Rs.1,00,000

Home Loan Principal Repayment

Pension Plan u/s 80(C)(C)(C)

Stamp duty/registration chargespaid on purchase of new house

New Pensions Scheme

(80CCD(1) - self contributed)

Section 80CCD(2) New Pension Scheme

(employer contributed) 10% of Basic Salary

Section 10(10)(D) Maturity/death cla ims proceeds No upper l imit

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 2012-13

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. Employers 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 periodInstrument taxable

NSC 8% - 9.25% 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 selectedBank 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

The Provident Fund Scheme is a Statutory Long Term Savings Scheme. Under this scheme, a specified

amount is deducted from employees 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.

PROVIDENT FUND

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telephone expenses incurred by you for both, limit of Rs.15,000 for medical insurance

official as well as personal purposes premium

Telephone allowance is fully taxable. Only the If your parents have medical policies and you

reimbursements are tax free pay those premiums, this too will entitle you

to an additional benefit of Rs.15,000. Every claim for reimbursement should beRemember, this is over and above your ownsupported with bills(and spouse and children) policy premium.

For individuals aged 60 years, the benefit can

be up to Rs.20,000 One or Two Meals (i.e. breakfast, lunch,

dinner) per day during working hours could

be considered as reasonable and Rs. 50 perHousing loans are very useful while savingmeal is the exemption limittaxes

These Food Coupons (and the attached Stamp duty charges and registration chargesallowance) are non-transferable and can be

paid (if a housing loan is taken) whileused only at food establishmentspurchasing 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 tof you have a medical policy for yourself, an Rs.1 lakh is covered for deduction underamount up to Rs.15,000 paid as the insurance Section 80(C)

premium can be claimed to save tax under Interest payment on home loan is coveredSection 80(D)under Section 24(b). You can claim up to

This can also include medical insurance Rs.1.5 lakh of the interest repayment for self-premium paid for a policy of your spouse and occupied housechildren

If you have rented-out the house you have An additional avenue of Rs 5,000 is also bought, the principal amount repayment of

available under Section 80(D) to cover up to Rs.1 lakh is covered forexpenses for preventive health check-ups for deduction under Section 80(C).self and family members within the overall However, under Section 24(b),

Food Coupons

HOME LOAN

MEDICAL HEALTH POLICY

(also known as Health Insurance policy)

I

1110

Both Employer and Employee contribute agreement or the rent receipts need to be

12% of basic salary submitted as proof

The employers contribution is exempt from If you want to pay rent to your parents or

taxes and hence does not reflect in Form 16 relatives (kindly note this arrangement cannot

be done with your spouse), you will need to Employers contribution over and above 12%treat them as landlords and request theof basic salary is treated as employeesowner of the house to declare it in his/herincomepersonal income tax return

Employees contribution up to Rs.1,00,000/- The HRA deduction is based on salary, HRAis allowed as deduction u/s 80C

received, the actual rent paid and city of

residence

Perquisite is defined as any casual benefit

attached to an office or position in addition Conveyance allowance is granted for meeting

to salarythe exp endi tur e on con vey anc e in

performance of duties of an office

Conveyance is exempt to the extent of Under Section 17(2), an amount up to

amount spent or amount received whicheverRs 15,000 p.a. (Rs. 1250 p.m.) can be claimed

is loweragainst actual supporting documents

Actual bills of chemist, doctors fee,

tests incurred for self, spouse, children,

dependent parents, brother or sister must be

presented

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

PERQUISITES

Conveyance Allowance

Medical Reimbursement

Transport Allowance

House Rent

Phone Bill

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

Reimbursement by the employer for

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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

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.

SAVINGS BANK ACCOUNT

1312

interest i s deductible without any l imit ful l t ime post-graduate course in the pure or

applied sciences A husband and wife, both of whom are tax

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.

Capital gains on sale of long term house Tuition fees paid to a recognized educational

property is exempted if one purchases a new institution, playschool or crche can give tax

residential house within a period of one year benefit too

prior to or two years after transfer of the Section 80(C) allows deduction of tuitionoriginal house or construct new house

fees spent for up to 2 children and up to anwithin a period of three years. Alternatively,

amount of Rs.1 lakhone can invest the amount in specific bonds

Both parents can claim this benefit separatelythat fall under section 54EC of the Income

Tax Act Note that the tuition fee paid to foreign

colleges and private coaching classes doesImportantnot qualify for deduction

ITR Filing: ITR-2 to be filed if more than

2 houses.

Under Section 80(G), 100% of amount ofAny interest repaid on education loan givesdonation made to government funds and trusts

tax benefitqualifies 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 thepayment is eligible for exemption under lower of actual donation or 10% of adjustedSection 80(E) gross total income, is eligible for deduction

However, the loan should be taken for a full Deduction under this section cannot exceedtime graduate or post-graduate program in your taxable incomeengineering, medicine or management or a

TUITION FEES

DONATIONS MADE TO CHARITABLE

INSTITUTIONSEDUCATION LOAN

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1514

MAX LIFE INSURANCE BAJAJ ALLIANZ GENERAL INSURANCE

Health Guard PolicyIn these times of rising medical costs, Bajaj Allianzs Health Guard Policy is the perfect Health protection.

Key Feature:

Above 1 Lac claims processed in 2011-12 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

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.

ADCODE

Bajaj Allianz General Insurance Co. Ltd.

Insurance is the subject matter of the solicitation

YesBankis licensed corporateAgent [bearing LicenseNo.: 1977696] of Bajaj AllianzGeneral InsuranceCompanyLtd. [IRDAregistration No. 113]. The benefits/featuresofproducts areind icative and for more details on risk factors andTermsand Conditionspleaseread salesbrchureconcludingasale.

Bajaj Allianz

Family Floater

Health GuardComplete Protection for youand your family

For Further DetailsCall Toll Free: 1800 2000Email: yestouch@yesbank.inVisit: www.yesbank.in

Redg. Office - G.E. Plaza, Airport Road, Yerawada, Pune-411 006. Reg. No.: 113

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1716

FRANKLIN INDIA TAXSHIELD

A diversified equity Fund that follows a bottom-up stock selection approach with no bias to market-capitalization

AMC: Franklin Templeton India Asset Management Company LimitedInception: 10 Apr 1999Fund Type: Open Ended Growth FundFund Size: Rs. 831 Crore

Equity to Cash Allocation: 93.9 : 6.08

Entry Load: Nil Exit Load: NilBenchmark Index: S&P NiftyConcentration (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 reducedallocation in construction and & IT sectors.

MARKET CAP BREAKUP

TOP 5 SECTORS (% of Net Assets)

Banks 21.1Pharma & Healthcare 12.7Auto & Auto Ancillaries 9.5Petrochemicals 9.0IT & Peripherals 7.6

TOP TEN STOCKS (% of Net Assets)

ICICI Bank Ltd. 6.9Bharti Airtel Ltd. 5.6HDFC Bank Ltd. 5.2Infosys Ltd. 5.1Grasim Industries Ltd. 4.5Reliance Industries Ltd. 4.1Dr. Reddy Laboratories Ltd. 3 .6IndusInd Bank Ltd. 2.7Gujarat Mineral Dev Co Ltd. 2.3Eicher Motors Ltd. 2.3

Above fact sheet prepared as per dataavailable on October 30, 2012

100%

0%

0%Large Cap

Mid Cap

Small Cap

RETURNS (%) NAV vs BENCHMARK

Time horizon Fund S&P Nifty 1 Year 7.56 6.82 Years 1.31 -9.63 Years 12.00 5.75 Years 3.99 0.8CYTD 21.01 27.0 -10%

-5%

0%

5%

10%

15%

20%

25%

3-O ct -11 3 -J an -12 3 -Apr -12 3 -J ul -12 3 -O ct -12

Franklin India Taxshield S&P Nifty

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 LimitedInception: 16 Nov 2004Fund Type: Open Ended Equity Linked Savings SchemeFund Size: Rs. 1993 CroreEquity to Cash Allocation: 99.89 : 0.11Entry Load: Nil Exit Load: NilBenchmark Index: S&P NiftyConcentration (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.

TOP 5 SECTORS (% of Net Assets)

Auto & Auto Ancillaries 23.2Banks 10.0Engineering 8.7Pharma 7.5Construction materials 6.7

TOP TEN STOCKS (% of Net Assets)

Maruti Suzuki India Ltd. 6.3State Bank of India 6.0

Eicher Motors Ltd. 6.0Madras Cements Ltd. 4.4Divis Laboratories Ltd. 4.2ICICI Bank Ltd. 4.0Bajaj Finance Ltd. 3.7Alstom T&D Ltd. 3.7Bharat Forge Ltd. 3.4Sanofi India Ltd. 3.3

Above fact sheet prepared as per dataavailable on October 30, 2012

MARKET CAP BREAKUP

90%

10%

0%Large Cap

Mid Cap

Small Cap

RETURNS (%) NAV vs BENCHMARK

Time horizon Fund S&P Nifty 1 Year 17.21 5.52 Years -0.74 -4.23 Years 13.21 6.05 Years 4.68 -1.0CYTD 36.73 21.5

20%

0%

-20%

10%

3 -O ct -11 3 -J an -12 3 -A pr -12 3 -J ul -12 3 -O ct -12

30%

-10%

R eliance Tax Saver (ELSS) S&P N ift y

The original page on Reliance Tax Saver (ELSS) Fund as part of YES Tax Solutions Guidebook contained anunintended typographical error. This page contains the correct information. We regret the error.

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1918

the forward looking statements due to risks or uncertaintiesDISCLAIMERassociated with our expectations with respect to, but not

limited to, exposure to market risks, general economic andYES BANK Limited, Max Life Insurance Company, Bajaj

political conditions in India and other countries globally,Allianz General Insurance Company and Tax Spanner arewhich have an impact on our services and / or investments,names of the companies and Tax Saving Fixed Deposit, Lifethe monetary and interest policies of India, inflation,Insurance, General Insurance and Mutual Funds Equitydeflation, unanticipated turbulence in interest rates, foreignLinked Saving Scheme are the names of the productexchange rates, equity prices or other rates or prices, thecategories and do not in any way indicate the name, qualityperformance of the financial markets in India and globally,

of the products and future prospects or returns. In thischanges in domestic and foreign laws, regulations and taxes

policy, the investment risk in investment portfolio is borneand changes in competition in the industry. By their nature,by the policyholder. Investment in ULIPs is subject to riskscertain market risk disclosures are only estimates and couldassociated with the capital markets. The policyholder isbe materially different from what actually occurs in thesolely responsible for his/her decisions while investing infuture. As a result, actual future gains or losses couldULIPs. The contract of insurance is between the insurer andmaterially differ from those that have been estimated.the insured. For more details on risk factors, terms and

conditions please read sales brochures carefully before YES BANK Limited and any of its officers directors,concluding a sale. personnel and employees, shall not liable for any loss,

damage of any nature, including but not limited to direct,In the preparation of the material contained in thisindirect, punitive, special, exemplary, consequential, as also

guidebook, YES BANK Limited and TaxSpanner has usedany loss of profit in any way arising from the use of this

information that is publicly available, including informationmaterial in any manner. The recipient alone shall be fullydeveloped in-house. Information gathered & material usedresponsible/ are liable for any decision taken on the basis ofin this guidebook is believed to be from reliable sources.this material. The investments discussed in this material mayYES BANK Limited however does not warrant thenot be suitable for all investors. Any person subscribing toaccuracy, reasonableness and/or completeness of anyor investigating in any product/financial instruments shouldinformation. Nor does this exclude the possibility of anydo so on the basis of and after verifying the terms attached

a l ternate recommendat ion o r s t rategy . Theto such product/financial instrument. Financial products and

recommendation of YES BANK is only one of the strategiesinstruments are subject to market risks and yields maywhich can be adopted by you at your sole discretion forfluctuate depending on various factors affecting capital/debtachieving your financial objectives. For data reference to anymarkets. Please note that past performance of the financialthird party in this material no such party will assume anyproducts and instruments does not necessarily indicate theliability for the same.future prospects and performance thereof. Such past

YES BANK Limited does not in any way through this performance may or may not be sustained in future. YESmaterial solicit any offer for purchase, sale or any financial BANK Limited or its officers, directors, personnel andtra nsac tion /com modi ties /pr oduc ts of any fina ncia l employees, including persons involved in the preparation orinstrument dealt in this material. All recipients of this issuance of this material may; (a) from time to time, havematerial should before dealing and or transacting in any of long or short positions in, and buy or sell the securitiesthe products referred to in this material make their own mentioned herein or (b) be engaged in any otherinvestigation, seek appropriate professional advice. We have transaction involving such securities and earn brokerage orincluded statements/opinions/recommendations in this other compensation in the financial instruments/products/guidebook which contain words or phrases such as "will", commodities discussed herein or act as advisor"expect" "should" and similar expressions or variations of or lender/ borrower in respect of suchsuch expressions, that are "forward looking statements". s e c u r i t i e s / f i n an c i a l i n s t r u m en t s /Actual results may differ materially from those suggested by products/commodities or have other

TAX SAVER FIXED DEPOSIT Maximum deposit amount is Rs.100,000 in a

financial year

At YES BANK, we understand your need for 0.75% extra interest for Senior Citizenssecurity. Our secure Tax Saver Fixed Deposits

Nomination facility availableprovide you with greater earnings and the

Option to Payout or Reinvest interest everybenefit of Tax Saving.

quarterSome of the features & benefits of YES Tax

For information about current interest rate,Saver Fixed Deposit are:

please visit our website www.yesbank.in or Most Competitive Rate of Interest as per

contact your nearest YES BANK branch.prevailing 5 year deposit rates

Minimum deposit amount is Rs.10,000(multiples of Rs.1,000)

8/22/2019 Tax Planner 2013-14

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potential conflict of int erest with r espect to a ny by notice to the Customer. The charges payable would

recommendation and related information and opinions. The be debited from the account of the Customer instantly.

said persons may have acted upon and/or in a manner The Customer shall be required to refer to the schedule

contradictory with the information contained here. No part of fees put up on the Website from time to time. If theof this material may be duplicated in whole or in part in any Customer defaults in making payment of the charges toform and or redistributed without the prior written consent YES BANK, YES BANK shall be entitled (withoutof YES BANK Limited. This material is strictly confidential to prejudice to any other right or remedy it may have) tothe recipi ent and should not be reprodu ced or charge the Customer with a late payment interest at thedisseminated to anyone else. applicable rate for delayed payment on all late payments

Tax-benefits are as per prevailing Income Tax laws and shall from the date the charge was required to be paid till the

be subject to change basis modifications/amendments in actual date of payment

applicable statutes/laws. All charges applicable shall beThe relationship under these presents shall be further

levied.subject to such additional terms as YES BANK may stipulate

All advice provided hereunder are recommendatory in from time to time. YES BANK is not acting in a fiduciarynature and the person acting on the same does so as his/its

capacity when providing any guidance/recommendationssole discretion. All recommendation shall be subject to the contemplated under this programme and no presumptionadditional conditions, qualifications and riders if any as to any other form of relationship shall be presumed.speci f ied for securit ies/products in the of fer

Governing Lawdocuments/Offering memorandum/ terms and conditions

for such securities/ products. Any dispute or differences arising out of or in connection

with the Facility shall be subject to the exclusive jurisdictionYES BANK, its employees, agents and affiliates shall not beof the Courts of Mumbai.liable for lost opportunity or consequential damages.

YES BANK accepts no liability whatsoever, direct or indirectNo warranties: To the fullest extent permissible pursuantfor non-compliance with the Laws of any country otherto applicable law, YES BANK, is affiliates, officials, personnelthan that of India. The mere fact that the Facility can bedisclaim all warranties, statutory, express or implied,accessed by a Customer in a country other than India doesincluding, but not limited to, implied warranties of

not imply that the laws of the said country govern theseappropriateness, fitness for a particular purpose, and non-

terms and conditions and / or the operations in theinfringement of proprietary rights. No advice or

information, whether oral or written, obtained by the accounts of the Customer and / or the use of the Facility.

customer from YES BANK, its officials, personnel, throughInsurance is subject matter of the solicitation.

the facility will create any warranty not expressly stated

Mutual Fund Investments are subject to market risks pleaseherein. You expressly acknowledge that as used in thisread the offer document carefully before investing.section, the term YES BANK include YES BANKs

respective officers, directors, employees, shareholders,

agents, licensors and subcontractors.Copyright 2012 YES BANK LIMITED.

The information in this guidebook or those provided underYES BANK LIMITED Mumbai Office: Nehru Centre,

any communication/advice reflects prevailing conditions andDiscovery of India, Worli, Mumbai 400 018.the views of YES BANK as on that date all of which areTel: + 91 22 5669 9000, Fax: + 91 22 56699018subject to change.

New Delhi Office: 48 Nyaya Marg, Chanakyapuri,YES BANK shall have the discretion to charge such fees asNew Delhi 110 001.it may deem fit from time to time and may at its soleTel: + 91 11 5556 9000, Fax: +91 11 5168 0144discretion, revise the fees for use of any or all of the Facility,

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