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Applying Thought

WELCOME TO WIPRO
December 12, 2023

Dear Shiv,

Welcome to Wipro Limited! Congratulations on joining us as a Senior Software


Engineer.

For us at Wipro, success is the outcome of choice and expectations, more than a matter
of circumstance and we are delighted that you have chosen us.

We have an introductory session on your day of joining, which will Frovide you with a
brief overview of Wipro, its Policies and Practices. This would come in handy to help you
settle in at work. We also have a specially designed, interactive workshop to introduce
you to somethiftg Close to our heart and our way of life-the Spirit pf Wipro.

The induction session would begin at 8:30 a. m. at


Wipro Technologies
475 A Old Mahabalipuram Road
Shollinganallur
Chennai- 600119

In the next few weeks, you will meet your colleagues and managers. Feel free to let them
know what you need to accomplish in your new responsibilities.

We are confident that you will a4d value through your role and strengthen Wipro’ s values
by living the Wipro way of life everyday. Looking forward to a long-term relationship and
wishing you success at Wipro.

Best Regards,
For Wipro Technologies,
(A Division of Wipro Limited)

AUGUSTINE PAIMBELIYIL JOSEPH


HEAD - FUNCTION

We would like to emphasize that the offer nf appointment is subject to completion nf your
reference check, medical examination, NSR, PAN und Blood Group. You are requested to
join on the date of joining mentioned or on any Monday prior to your date of joining.
Kindly carry along the appointment letter to the venue ]’or Induction program on your day
of joining.
In case ynu need any clarifications regarding your job, salary, or zfny pi›licy, please
contact Ragunath Ramadas at ragunath. ramadan@wipro.com.

Wipro Limited, Doddakan nefli, Sartapur 4


A pp tying Th ought

Your First Dav at Wipro

Time : 8:30 a.m


Location
Monday Joining
Wipro Technologies, CDC 5
fi02, 603, L- Cot, SC-2,
Learning Center, CUCKOO Hall
Medavakkam Road,
Sozhanganallur,
Chennai - 600 119.
(Opposite Mohammad Sathak College of Arts & Science)

Wednesday and Friday Joining


Wipro Technologies,
105, Annasalai,
Ciuindy,
Chennai-600119
Contact Person : Ms. Kothai Sundaramoorthy

Wipro Shuttle Service ( with a board of ' New Joinee Bus' ) will be available for your
first day at the organization.

Boarding landmarks are as below

I ABT Motors, Wipro Guindy Office (CDC ) - 7. 30 AM

2 Vijay Nagar, Velachery. ( Bus stand, Near Ganga Sweeis) - 7.45 AM

Out station candidates are requested to reach Chennai a day earlier

See you at the induction session!

Wipro Limited. Doddakan nclli, Sar j&pur @4


A p ply'ing Yh ought

Confidential

APPOINTMENT LETTER
December 12, 2023

Mr Shiv Kumar
# 648, Sector 22-B,
€iurgaon - 122016
India

Dear Shiv,

It is our pleasure to appoint you as Senior Software Engineer in Wipro Ltd. at Banglore,
in PROJECT STREAM or in any such capacity the management shall from time to time
determine. Please note that the employment terms contained in this letter are subject to the
Company policy.

1. APPOINTMENT

a. Your date of appointment is effective from the date of joining which shall be as
soon as possible but not later than January 17, 2023.

b. You will be on probation for a period of one year from the date of your
appointment. On completion of the probation period, your appointment shall be
confirmed and communicated to you in writing if the Company finds you to be
suitable for the appointed post. Unless confirmation is communicated in writing,
your probation period is deemed extended.

c. The retirement age is 58 years.

d. You will be liable to be transferred in such capacity as Wipro may from time
to time determine to any other location, department, function, establishment, or
branch of Wipro or its subsidiary, associate or affiliate Company. In such case
you will be governed by the terms and conditions of service applicable to the
new assignment.

C. We provide support to our global customers from various locations in India to


suit customers differing time needs including on 24x7 basis. You would be
operating from any of these locations and in any of the shifts, including night
shift, as may be decided by Wipro keeping in mind business needs and
deliverables to customers.

f. This offer of appointment is subject to your successful completion of all


curricular requirements as laid down by the University/Institution for award of
the degree/diploma and the requirements, including aggregate, specified by
Wipro for your role.

g. Kindly ensure you submit lhe second copy of the appointment letter signed by
you on the day of reporting for work.

Wipro Limited, Doddakannel1i, • i•p ur Road, Bangalore - S6@035, India. Tel : +9I -8-2844 OOI T - I S. Fax . +9 I -8 @ 4
Applying Yhough t

Confidential

2. COMPENSATION

You will be eligible to receive the following

a. Basic salary of Rs. 59650 per month.

b. Quarterly Performance Linked Compensation (QPLC) of Rs. 6500. The details


of the current program are attached in the Annexure-II. The QPLC program
may be changed or modified in part or full thereof from time to time, at the
sole discretion of the management of Wipro.

Additional Allowance of Rs. 6500 per month.

d. You will be entitled to other compensation and benefits in accordance with


Wipro policy as modified and intimated to you from time to time.

e. Your salary will be reviewed periodically as per Wipro policy.

f. Changes in your compensation are subject to the discretion of Wipro and will
be subject to and be on the basis of your effective performance and results
during your employment and other relevant criteria.

g. Company has been also provide 2&3 BHF Flate’s near the company area, one car is
always available for your daily in&out office timing to driver go away in your room place
to come in office properly and also food is free for our compan

3. OTHER BENEFITS

You will be entitled to the following :

a. Leave, holidays and working hours as applicable to your category of employees


and location of posting.

b. Perquisites, if any, as applicable to your category of employees and / or based


on functional requirements as determined by Wipro.

e. Participate in the Company Provident Fund Scheme as per the rules and policies
applicable to your category of employees.

d. Leave Travel Assistance as per the policy of Wipro.

e. You will be eligible to participate in Wipro Medical Assistance program and


Contributory Mediclaim Insurance & Benefits Program for your category of
employees.

f. Employee i3enefits Program sponsored and administered by Wipro for


management employees, comprising of pension plan or gratuity plan, sur vivor
benefit plan and industrial injury benefits.

Wipro Limited, Doddakannelli. $arjapur 4


A fi› fifijying Th ougtit

Confidential

4. RESPONSIBILITIES

a. In view of your position and office, you must effectively, diligently and to the
best of your ability perform all responsibilities and ensure results. There may be
times when you will be expected to work extra hours to achieve the above
when the job so requires. In this connection, you are required not to engage in
activities that have or will have an adverse impact on the reputation and
business of Wipro, whether directly or indirectly.

b. You may be required to undertake travel on Company work for which you will
be reimbursed travel expenses as per the Wipro policy applicable to you.

C. We at Wipro are committed to ensure 'Integrity' in all aspects of its


functioning. You are expected to comply with the policies of Wipro including
the Code of Business Conduct and other policies of Wipro as they form an
integral part of the terms of employment with Wipro. Consequently, you are
required to understand the scope and intent behind these policies and to comply
with the same. These Policies are updated / modified on a periodic basis and
new Policies may be introduced and notified to employees from time to time
whereupon you will be required to comply with the same.

d. Consistent with (e) above, any matter or situation or incident that may arise that
could potentially result, or has resulted, in any violation of the Policies or the
terms of your employment, shall immediately be brought to the notice of your
Business Unit Head.

5. CONFLICTS OF INTEREST

a. You are required to engage yourself exclusively in the work assigned by Wipro
and shall not take up any indcpcndent or individual assignments (whether part
time or full time, in an advisory capacity or otherwise) directly or indirectly
without the express wrilten consent of your Business Unit Head.

b. You shall ensure that you shall not, directly or indirectly, engage in any activity
or have any interest in, or perform any ser vices for any person who is involved
in activities, which are or shall be in conflict with the intcresls of Wipro.

c. The Conflict of Interest Policy also refers to the need on your part, during your
employment and for a period of one year from the cessation of your
employment with Wipro (irrespective of the circumstances of, or the reasons
for, the cessation) not to solicit, induce or encourage:

Wipro Limited, Doddakannelli, Sar{ a pur 4


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Any employee of Wipro to terminate their employment with Wipro


or to accept employment with any competitor, supplier or any
customer with whom you have a connection.

ii. Any customer or vendor of Wipro to move his existing business with
Wipro to a third party or to terminate his business relationship with
Wipro.

iii. Any existing employee to become associated with, or perform


services of any type for any third party.

d. In case of any conflict or doubt, please discuss the matter with your Business
Unit Head, to understand Wipro’s position on this and resolve the conflict.

6. CONFIDENTIALITY

a. In consideration of the opportunities, training and access to new techniques and


know-how that will be made available to you, you will be required to comply
with the Confidentiality Policy of Wipro. Therefore, please ensure that you
maintain all Confidential Information (as defined from time to time in the
Confidentiality Policy of the Company) as secret and confidential and do not
use or disclose any such Confidential Information except as may be required
under obligation of law or as may be required by Wipro arid in the course of
your employment. This covenant shall endure during your employment arid also
after cessation of your employment with Wipro (irrespective of the
circumstances of, or the reasons for, cessation).

b. In your work r» Wipro, you will be expected riot to use or disclose any
confidential information, including trade secrets, of any former employer or
other person with whom you have an obligation of confidentiality, and by
signing below you affirm lhat you have no conflicting obligations or non-
compete agreements that would prevent you from working without limitation for
Wipro.

7. ASSIGNMENT OF INTELLECTUAL PROPER’FY

In connection with your employment and during the term of your employment upon
conception or creation, you small disclose and assign to Wipro as its exclusive property, all
inventions, ideas, concepts, discoveries, techniques, and improvements (including without
limitation legal documents, training materials, computer software and associated materials)
developed or conceived by you solely or jointly wilh others (whether or not during
business hours), and shall comply with the Policies of Wipro in relation to Intellectual
Property.

Wipro Lim ited, Doddakan nelli. $0r|apur 4


Apptying Ehought

8. NON-COMPETE

In the course of your employment with Wipro you will be providing services to customers
or clients of Wipro during which process you would be handling sensitive information
including but not limited to information of key customers of Wipro, competitor
information, customer sensitive information (’ Confidential Information' ). You acknowledge
and recognize that Confidential Information available to you, if leaked, would cause
irrcparable harm to Wipro and its protection is of utmost importance to Wipro. You
confirm that for a period of six (6) months after separation of your employment from
Wipro (irrespective of the circumstances of or the reason for the separation), you will not
accept any offer of employment from a customer or client with whom you have interacted
or worked in a professional capacity representing Wipro during the six (6) months
preceding the date of separation.

9. GENERAL

a. We Wust that you have not provided us with any false declaration or willfully
suppressed any material information. If you have, you will be liable to be
removed from service without any prior notice. Please note that you are
required to inform us if there are any agreements, oral or written, which you
have entered into and which may relate to or affect your commitments under
this Agreement.

b. Your employment terms may be specifically enforced legally, if required. In this


connection, if any of the provisions of this Agreement are declared or found to
be void or unenforceable due to any reason whatsoevcr, the remaining
provisions of this Agreement shall continue in full force and effect.

c. These employment terms supersede and replace any existing agreement or


understanding, if tiny, between Wipro and you relating to the same subject
matter.

d. You warrant that you are not prevented by a court or by any other
administrative or judicial order from providing the services required under this
agreement. In the event that you are not a citizen of the country of posting,
you should have a valid work permit to work in the country of posting.

e. During the period of employment you are required to comply with all Wipro
policies. These policies are updated/modified on a periodic basis and new
policies may be introduced and notified to employees from time to time.

10. NOTICli t•EltIOD

This contract of employment is terminable, without reasons, by ciiher party giving one
month’s prior written notice during probationary period and two month's prior written
notice on confirmation of employment. Wipro reserves the right to pay or recover salary
in lieu ot’ notice period. Further, Wipro may al its discretion relieve you from such date
as it may deem fit even prior to the expiry of the notice period. However, if the
management desires the employee to continue the employment during the notice period, the
employee shall do so.

Wipro Limited, Doddakannelli, Sa i*pur Wâ 4


A p p tying Th ought

Confidential

Please confirm that the above terms and conditions are acceptable to you and that you
accept the appointment by signing a copy of this letter of appointment.

Sincerely,
for Wipro Technologies,
(A division of F•° Limited),

AUGUSTINE PAIMBELIYIL JOSEPH


HEAD - FUNCTION

1 have read, underslood and agree to accept employment on lhe terms and conditions
herein.
I shall be reporting for duty on

Name:
Signature.....................

Date:

Wipro Limited, Doddal‹annelli, Sarjapur Road, 4


A p prying Th ought

Confidential

ANNEXURE - I
CONFLICT OF INTEREST

Wipro Limited has adopted a conflict of interest policy in respect of its employees. This
policy is intended to avoid conflict between the personal interest of an employee and the
interest of Wipro in dealing with the suppliers, customers and all other organizations or
individuals doing or seeking to do business with Wipro.

Noted below are a t’ew examples of 'conflict of interest'

1. For an employee or any dependent member of his family to have an interest in any
organization, which has business dealings with Wipro, where there is an opportunity
for preferential treatment to be given or received, except where such an interest
comprises of securities in widely held corporations which are quoted and sold on
open market or the interest is nol material.

2. £or an employee or any dependent member of his family to buy, sell or lease any
kind of property, facilities or equipment from or to Wipro or any affiliate or to any
company, firm or individual who is or is seeking to become a Wipro contractor,
supplier or customer, except with the knowledge and consent of top management.

3. For an employee to serve as an officer, director or in any other management capacity


or as consultant of another company or organization doing or seeking to do business
with Wipro or an affiliate except with the knowledge and consent of top management.

4. For an employee to use or release to a third party any data on decisions, plans,
competitive bids or any other information concerning Wipro, which might be
prejudicial to the interest of Wipro.

5. For an employee or any dependent member of his family to accept commission, a


share in profits or other payments, loans (other than with established banking or
financial institutions), services, excessive entertainment and travel or gifts of more
than nominal value from any individual or orgainzation doing or seeking to do
business with Wipro.

1 have read and understood the above mentioned ' Conflict of Interest’ policy and declare
that there is no ' Conflict of Interest’ in my employment with Wipro. If any conflict arises
in the future, I undertake to yromf›tIy inform my supervisor of the same.

Name:

Signature

Date: / /_

Wipro Limited, Doddak3n nelli, Sarjapur Road, 4


App lying Th a ught

Confidential

ANNEXURE II
PERSONAL INFORMATION AS REQUIRED UNDER INFORMATION
TECHNOLOGY AC1 2tlbU

I , confirm that I am voluntarily sharing my Personal


Information with Wipro Limited (’Wipro’) for the following purposes:

a. Validating my Curriculum Vitae and retaining records on the same for any
fixture reference/verifieation;

b. Processing my job application including background verification checks and


medical checks;

Employment-related actions including record keeping, processing compensation


and benefits and any action required in the context of my employment with
Wipro.

In this context, I also agree to the retention of such Personal Information by Wipro for
any future reference/verification and authorize Wipro to transfer the same to a third party.

I understand that 'Personal Information’ means any information, relating lo me that is


available with Wipro and is capable of identifying mc."

Name:
Date: / Signature .. ........................

Wip ro Lim ited, Doddakannelli, Sai-japur 3S. India, Tel : *'2 I -8-2844 00 I I - I S, Fax : +9 I - 4
@
Appying lh p• giit

List of Documents to be submitted before joining


The following checklist indicates the documents that you have to submit before joining
Wipro.
In case you have not submitted any of the documents mentioned below, please scan and
email the documents to joining, verification@wipro.com within five days of receiving this
letter, in order to ensure a smooth on-boarding experience. Please ensure that you quote
your "Reference No" in the subject line of the email for identification.

Description
1. Appointment Letter of Wipro Technologies Signed by Employee
2. Offer Lcttcr or llikc Letter of Present Employer
3. Offer Letter or Hike Letter of Previous Employer
4. Relieving or ltesignation Acceptance Letter of Present Employer
5. Relieving Letter of Previous Employer
6. Highest Full Time Academic Certificate (Degree or Provisional)
7. Highest Full Time Education Marksheet

S. One Form 16 or 1 Year Bank Statement or PF Statements for Present


and Previous Employment or Tax Statements (if working abroad)

9. Present Employment Payslips (Latest 3 Months)


10. Present Employment ID Card

11. Medical Examination Acknowledgement Slip


1 2. NSR Acknowledgement Slip
13. PAN Card
In case you have not yet applied for a PAN Card, please apply and submit a
copy of the PAN application acknowledgement copy.
14. Passport
In case you have not yet applied for a passport, please apply and submit a
copy of’ the Passport application acknowledgement copy.

Wipro Limited, Doddakannelli, Szrjapur Road, // 4


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Confidenfial

SALARY OFFER
NAME : Shiv Kumar LOCATION :
Banglore POSITION: Senior Software Engineer CAREER
GROUP: B2 CARF.ER STREAM: PROJECT STREAM
Years of Relevant Experience Considered by Wipro: 02 Years 02 Months.
Education 1.( M.sc) Branch: MathematicsYear of passing: 2023
1,Nominee’s- Anil
Thakur
Relation-Brother
Contact no:- 95467 28541
2, Sunita
Devi
Relation-Mother
Contact no:-9934205188
Previous Annual Gross Salary: 38006.00 Rupee
Annual Gross Salary Offered by Wipro: 73,004.00 Rupee
Components Figures (in INR per month)

BASIC 21004

HOUSE RENT ALLOWANCE 5,417


COMMUTATJON ALLOWANCE 800
WIPRO BENEFITS PLAN 18, 739
ADDITIONAL ALLOWANCE 6,500
TOTAL FIXED CASH 54,995
PROVIDENT FUND 1, 625
GRATUITY 719
TOTAL COMPENSATION 57339
QPLC 6,500
TOTAL TARGET COMPENSATION 63,839
HEALTH BENEFIT (NOTIONAL AMOUNT) 325
TARGET COST TO COMPANY (TCTC) 69167
TCTC (PER ANNUM) 73,004

*Notional sum indicating contribution of 5.31 % of your basic towards provision of


Gratuity. Employees will be eligible for payment of gratuity as per the Wipro Policy for
the same.

Wipro Limited, Doddakannelli, Ser apur d34


A p p lyng Thought

Confidential

SOME ADDITIONAL INFORMATION ON THE SALARY OFFER

Applicable limits for Career Group AI-B3:

Basic, Additional Allowance:


These are fixed monthly components of your salary and are taxable. They do not vary
every month, and are fixed for a particular period.

House Rental Allowance:


HRA is given to the extent of 40% of your Basic. IIRA exemption is applicable as per IT
rules or submission of rent receipts.

Commutation Allowance:

This is a tax free allowance in your salary and you can declare against this component an
allowance of Rs. 800 per month Incase you are not declaring Wipro bus allowance, then
you will get tax exemption only for Rs. 800/- per month as per the IT rules (that is,
for a maximum of Rs. 9,600 per annum), e!se this amount of Rs. 800 per month will be
taxed.

This does not warrant the production of any bills.


Wipro Benefit Plan (WBP):
Wipro Benefits Plan (WBP) ïs basket of various allowances/reimbursements. Under WBP,
you will be granted Leave Travel Allowanee, Commutation Allowance and Education
Allowance. Thèse components are eligiblc for exemptions as per the prescribed Income Tax
rules applicable and this will be subjected to tax for the portion of the allowanccs that is
not exempt.
Benefits by way of use of Telephone/Mobile phone, Non-transferable food coupons, use of
Wipro Bus can also be availed under the Plan. Only the actual expenses incurred will be
reimbursed. The reimbursements for benefits availed are subject to submission of proofs or
other conilitions as may be prescribed in this policy.

Wipro will grant a Group Allowance, which will be computed after reducing the aggregate
cost of allowances/benefits availed under WBP and related recovery of Perquisite Tax and
associatetJ charges.

Following are your WBP Entitlements:

Wipro Limîted, Doddakannelli, Sarjapur 4


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1. Leave Travel Allowance: New employees are eligible for LTA provided leave is taken
as pe e o p o. For details on Income Tax exemption please refer to My
Wipro on joining. The maximum LTA that can be reimbursed is Rs. 40,000.

2. Additional HRA: For employees in metro cities (Delhi, Kolkata, Chennai and Mumbai),
the cHii e evised to 50% of basic at their option. The WBP limit will be reduced
by the differential allowance paid as additional HRA.
3
Te1e hon /M b’le Ph ne All n e : The amount paid by you towards telephone (both
lanaren enta re a so broadband/ modem hub/ routers/ GPRS etc.
e towards
for internet usage plans are eligible to be reimbursed upto Rs. 1600 per month under WBP
as per prescribed limit in the policy. No reimbursements in respect of rentals or other
charges for pre-paid connections will be eligible under this head.

4. N t n fe ble F d C An Amount of Rs. 2,750 per month towards purchase


of Non-Trans e a e oo co p ns is eligible to be reimbursed under WBP.

5. Education Allowance: An Amount of Rs. 100 (additional 300 incase of child in hostel)
per c d per ont upto a maximum of 2 children is eligible to be reimbursed under
WBP.

6. Ne Pe io S t You can contribute between 5% upto 10% of your Basic towards


NPS anade1 im it duner WBP, This will be over and above Sec 80C investments.

Retiral Benefits:
It consists of :
(a) 12% of your Basic towards Provident Fund.
(b) Notional sum indicating contribution of 5. 3l*Z» of your basic towards provision for
gratuity.

Employees will be eligible for payment of gratuity as per the Wipro policy on the same.

Wipro Limited, Doddakannelli, Sbrjapur 3 'i, India. Tel : *9 I -B-2844 00 I I - I 'i, Fax : +9 I 4
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Applying Yh ought

Confidential

ANNEXURE - II
QPLC - A BRIEF OVERVIEW

QPLC Policy Summary A Computation.-

QPLC (Quarterly Performance Linked Compensation) is a variable component in your


salary stack which would be paid out on a quarterly basis.

It would be linked to individual, group/function and organization level achievement


parameters. The QPLC payout amount is liable to vary as per the performance on the
these parameters. The QPLC program may be changed / altered or modified in part or
full thereof from time to time, at the sole discretion of the management. It is mandatory
for you to complete the quarter for which the QPLC applies i.e. you should be on the
rolls of the Company on the last working day of the quarter to be eligible for payout
under the program.

Wipro Lim itecl, NodrJnko nnelli, Sa i apur 45, India. Tel : +9 I -8-7844 00 I I - 15. Fax . *9 I 4
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SUMMARY - SOCIAL SECURITY & OTHER BENEFITS*

Medical

1. Medical Assis ance P o am MAS : This is a medical scheme covering you, your
spouse an you c re to t e e ent of Rs. 15, 000 per annum or one month basic
whichever is higher.

The amount mentioned as Medical allowance in your salary stack is a notional figure and
it indicates average outflow per month and per employee towards MAS. Medical is a
reimbursable amount, i. e., it will be paid at actuals on making a claim.

2. Medica Benefit S he e RS : Under this scheme an amount of Rs 50,000 per


annumtprorate IU t e financial year)will be reimbursed towards domiciliary
treatment of specified illnesses for you and your immediate family(spouse and children).
There would be a nominal contribution per month from you as mentioned below towards
this benefit:

* Rs. S Contribution in case of single Individual.


* Rs. 20 Contribution in case you are married.

3. Catastro hic Medical Assistance Plan CMAP : The objective of CMAP is to provide
reim ursement o reasona c expenses to you an your family in case you are struck by as
illness of catastrophic nature which involves huge expenses. An employee may seek
assistance upto 3 lacs under this plan. This is subject to approval and guidelines as laid
down in the policy. This is one time henefit during your service with Wipro.

4. Mediclaim: A floater coveragc of Rs. 2,00, P00 per annum for family (self, spouse &
chi en towards hospitalization. A nominal deduction per month as mentioned below is
made towards contribution for the mediclaim benefit. £or any hospitalization claims beyond
Rs. 10, 000, 10% of the claim amount has to be borne by the employee. However, this
does not apply if the hospitalization is in a Preferred Mcdiassist Network hospital.

* Rs. 250 - Contribution in case of single Individual.


* Rs. 530 - Contribution in case you are married.

If the employee wishes to enhance the coverage, Top up cover option is also available
wherein one can increase it by an additional coverage of Rs. 50, 000 to Rs. 2,00,000 for a
highly negotiated premium. More details on the policy are available on People Practices
Section in My Wipro which is accessible or joining.

5. Central Board of Direct Taxes CBDT - Additional benefit: If you incur expenses
against ospita ization in a DT (Centra Boar o Direct Taxes) approved hospital, you
can claim additional reimbursement upto Rs. 10,000. This amount is payable only after
you exhaust Rs. 2,(ll),0t)8 of Mediclaim Limit plus top up.

6. Annual I-Icalth check: Company paid Annual health check-up program is available tier
cmp yccs ove 40 y s of age.

Wipro Limited, Doddakan nelli, Sarjapur 4


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Your Life and Accident Cover:

A. Group Life Insurance Program + EDU : Rs. 90,00, 000

In the unfortunate event of death on account of either accidents or natural causes, your
surviving family members would be eligible for an insurance cover under term life policy
plus EDU (Employee depository linked Insurance) of provident fund..

You also have an option to increase your Group Life Insurance cover by an additional
50% of the current sum assured for a nominal and highly negotiated premium.

B. Group Personal Accident Insurance (GPAI) Program: Rs. 12,00,000

Through GPAI you are covered by way of round-the-clock risk coverage against any
accidents occurring while at work or outside of work resulting in partial or total
disablement or casualty. Even on temporary disability due to accident you get compensated
for loss of wages on account of leave due to accident of upto Rs. 5,000 per week. Incase
of Death due to accident, your total cover would be 26 lacs (12 Lacs + 14 Lacs Group
Life his.).

You also have an option to increase your Gtoup Personal Accident Insurance cover by an
additional 50% of the current sum assured for a nominal and highly negotiated premium.

Please note: Morc details on the above mentioned policies are available on People
Practices Section in My Wipro which is accessible on joining. You can access through My
Wipro -> People Practices -> My Financials -> Medical & ESI.

The policies mentioned here are policies of the Company as on date, and this is subject to
change in future as per policies of the Company from time to time.

Gratuity Benefit: Up to Rs. 10,00, 000


This provides you a lump sum benefit upon separation after completion of
5 years of service or on retirement or when deceased. Your gratuity is
computed as: Last drawn Basic Salary * No. of years served * 15/26.

Wipro Limited, Doddakannclli. Sat japur @ 4


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The Survivor Benefit Plan’s obi ective is to provide a monthly income to the surviving
spouse and children of an employee who dies while in service. The pension payable is
based on last drawn basic salary at the time of death, number of years till retirement,
number and age of surviving members.

. If an employee is in Grade B3 with basic of Rs. 15,000 p.m. and the remaining
period before retirement at time of his death is 20 years and he has a surviving spouse
and two eligible children, the supplementary Pension payable per month would be as
follows:

Basic * No of years to Retirement * Grade ractor * % based on number and age of


surviving members.

i.e. 15, 000 x 20 * x 2.7%« * 80% Rs. 6,480 per month as supplementary
pension payable.

Voluntary Superannuation P'ss›:


Wipro Voluntary Superannuation Plan offers an easy and convenient way to help you
lead a happy and tension free life by planning your retirement. Starting a contribution to a
pension plan at an early age gives you enough time to contribute towards building your
retirement corpus and leverage the compounding interest earned by the corpus year on
year. You simply have to choose the scheme that suits your investment horizon and risk
tolerance.

A voluntary defined contribution Plan wherein you will have an option to enroll and
choose your Pension Service Provider (PSP) within 30 days from the date of joining the
company.

We currently have tie-ups with two leading PSPs to manage ltte superannuation funds.
LIC & ICICI offer a superannuation scheme which offers interest on accumulated balance
every year. IC ICI Prudential also has a Unit Linked Superannuation scheme which offers
a market linked return, range of fund options to suit your risk appetite & transparent fund
management.

The enrollment option can be exercised only once in the service with the organization and
cannot be reversed once made. VSS enrollment window period will, also be available only
once every financial year.

Wipro, on behalf of the member employee, shall conWibute 15% of Basic salary,
towards the scheme selected by the member. In case 1J"/» of Basic exceeds Rs. ) 00000 per
annum, member employee will have an option to restrict the contribution to Rs. 1, 00, 000
per annum to avoid perquisite tax (perquisite tax is applicable on contributions exceeding
Rs 1,00,000 every year).

Annual pension contribution amount is re-adjusted from fixed cash component and will
reflect under ' Pension' component in the salary stack of the enrolled member.

Wipro Limited, Doddakannelli, Sai-|aprir Road, Bangalore - S6/ 35, India. Tel : +9 I -8-2844 00 I I - I S. Fax : *9 I -BE- 4
Applying Though i

Confidential

The accumulated contribution amount and the interest earned (or the corpus) can be utilized
to avail the retirement benefits.

F-or further clarity, please refer the Policy on My Wipro - My Inforiiiatiori Sources -*
India- My Financials- Deferred Benefits-> Voluntary Superannuation Scheme. After
reviewing the related documents if you wish to enroll into VSS, please log onto My
Wipro-> My data-> My Financials-> Pension, and exercise the option within 30 days of
joining the Company.

In case you miss enrolling into VSS in this window period, you can do the same in the
window period that is available for all employees once every financial year.
Loans:

Interest Free Loan: An interest free loan of Rs. 20,000 as per Policy is available to
facilitate your settling down. The amount is primarily intended to cover housing deposit /
assistance towards purchase of two wheeler. This is recoverable in 10 equal installments.

Contingency Loan: Interest free contingency loan of Rs. 50,000 or two months monthly
gross whichever is lower as per policy. This would berecovered in 20 equal installments.
Any loan taken above Rs. 20, OOO will be liable to tax on the notional interest cost as per
CBDT rules.

Wipro Lim ited, Doddak3n nelli, Sar i apur Road, Bangalore - 56/ 35. India. Tel : +9 I -8-2844 00 I I - 15. Fax : +9 I -BE- 4

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