Date: 25 August, 2023

HRD/CR/2023/24/9043016

Name : Saquib Shaikh

Emp No. : 9043016

Subject: Changes to compensation on Account of Minimum Wages

Dear Saquib Shaikh,

Thank you for being an integral part of the Infosys journey.

Pursuant to required regulatory changes in State Minimum Wages, you are eligible for wage revision. Hence, we
have revised your annual CTC to INR 337,992 Per Annum with effect from 01 July, 2023. Your detailed salary
structure is laid down in Annexure 1, of this letter.

Note: This letter supersedes all previous correspondence and communication on your Pay Plan. All other terms and
conditions of your employment remain unchanged.

Thank you, once again for your dedication and we look forward to your continued partnership with Infosys BPM.

Wish you a successful career ahead with us.

Dependra Mathur
Senior Vice President & Head- Human Resource Development
Infosys BPM Ltd.

Highly Confidential-Please note that this communication is confidential between you and Infosys BPM Ltd and not to be circulated further.
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 ANNEXURE 1

Compensation details w.e.f 01 July, 2023

Name Saquib Shaikh

Employee No. 9043016

Current Structure in INR Revised Structure in INR

Pay Plan
per month per month

Fixed Components

Basic 13,910 13,910

Fixed Dearness Allowance (FDA) 1,100 1,100
Basket of Allowances (BOA)* 7,840 7,790
Sub Total 1 22,850 22,800
Statutory Components
Company Contribution to Provident Fund 1,801 1,801
Gratuity 722 722
Bonus 2,793 2,843
Sub Total 2 5,316 5,366
Gross Monthly Salary:1+2 28,166 28,166
Total Annual CTC 337,992 337,992

For this revised pay to be applicable, employee must not have resigned or be serving notice period as on the
subsequent pay date immediately after the effective date of the revised compensation.

All the above benefits are as per Company’s policies, which are subject to change from time to time.

*Basket of Allowances (BOA) comprise of HRA, LTA, Medical, Children’s Education and Conveyance, to be
split according to an individual’s tax plan.

The gratuity amount set out above is an approximation. Your eligibility and the final pay out of any Gratuity
amount will be determined in strict accordance with the provisions of the Payment of Gratuity Act, 1972 including,
but not limited to the minimum service period set forth therein.

ESI (Employee State Insurance) may also be applicable to individual employees as per statutory regulations. If ESI
is applicable, you will have to contribute 0.75% of salary as ESI contribution while the Company will contribute
3.25% of salary as ESI contribution.

The gross salary mentioned above does not include allowances such as Voice Allowance and Shift Allowance
which will be paid as per your eligibility/entitlement. You will be paid Voice Allowance based on your allocation
to voice project code/s and individual performance. Eligibility for the allowances have been defined in the Level 2
& 3 Compensation Policy.

Please note that your acceptance of the above-mentioned salary will be considered as an acceptance of the other
terms laid out in the letter in addition to your existing terms of employment.

Highly Confidential-Please note that this communication is confidential between you and Infosys BPM Ltd and not to be circulated further.
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