Indian Income Tax Department and Infosys Launch Central Processing Center for Efficient Administration of Tax Deducted at

PR Newswire/Les Echos/ 
PRESS RELEASE 
 Indian Income Tax Department and Infosys Launch Central Processing Center for 
         Efficient Administration of Tax Deducted at Source 
New Delhi - February 23, 2013: The Income Tax Department (ITD) of India and
Infosys today announced the launch of a state-of-the-art Central Processing
Center for efficient administration and processing of Tax Deducted at Source
(TDS). The TDS facility will process more than 400 million tax deduction
submissions filed by nearly 1 million entities annually. India's Union Minster
of Finance, Shri. P. Chidambaram dedicated the facility to the nation at a
special ceremony today. 
Infosys has been processing tax returns filed online by Indian citizens since
2008. Till date, the company has successfully processed more than 30 million 
tax filings and related refunds. In 2011, ITD selected Infosys as its managed
services provider to facilitate central processing of TDS filings by business
entities. As part of this new agreement, Infosys provides comprehensive 
services to the department including technology infrastructure, maintenance, 
and upgrade of applications for the Tax Deduction Reconciliation, Analysis, 
and Correction Enabling System, better known as TRACES. 
The new centralized system enables:
  * Real-time reconciliation of TDS filings and refund claims
  * Instant detection of erroneous claims and faster payment of verified 
claims
  * Significant savings for the government by reducing the interest  
accumulation on delayed tax refunds 
C. N. Raghupati, Head - India Business, Infosys said: "The launch of the new 
CPC will play a key role in increasing the efficiency of tax filing for 
entities and processing of TDS for the Income Tax Department. We are delighted 
to partner with the ITD in their endeavor to improve the tax-payer experience 
in India." 
About Infosys
Infosys partners with global enterprises to drive their innovation-led growth.
That's why Forbes ranked Infosys 19th among the top 100 most innovative
companies. As a leading provider of next-generation consulting, technology, and
outsourcing solutions, Infosys helps clients in more than 30 countries realize
their goals.
Visit www.infosys.com and see how Infosys (NYSE: INFY), with its 150,000+
people, is Building Tom orrow's Enterprise(r) today. 
Safe Harbor
Certain statements in this release concerning our future growth prospects are
forward-looking statements, which involve a number of risks and uncertainties
that could cause actual results to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding
fluctuations in earnings, fluctuations in foreign exchange rates, our ability 
to manage growth, intense competition in IT services including those factors 
which may affect our cost advantage, wage increases in India, our ability to 
attract and retain highly skilled professionals, time and cost overruns on 
fixed-price, fixed-time frame contracts, client concentration, restrictions on 
immigration, industry segment concentration, our ability to manage our 
international operations, reduced demand for technology in our key focus 
areas, disruptions in telecommunication networks or system failures, our 
ability to successfully complete and integrate potential acquisitions, 
liability for damages on our service contracts, the success of the companies 
in which Infosys has made strategic investments, withdrawal or expiration of 
governmental fiscal incentives, political instability and regional conflicts, 
legal restrictions on raising capital or acquiring companies outside India, 
and unauthorized use of our intellectual property and general economic 
conditions affecting our industry. Additional risks that could affect our 
future operating results are more fully described in our United States 
Securities and Exchange Commission filings including our Annual Report on 
Form 20-F for the fiscal year ended March 31, 2012 and on Form 6-K for the 
quarters ended June 30, 2012, September 30, 2012 and December 31, 2012.These 
filings are available at www.sec.gov. Infosys may, from time to time, make 
additional written and oral forward-looking statements, including statements 
contained in the company's filings with the Securities and Exchange Commission 
and our reports to shareholders. The company does not undertake to update any 
forward-looking statements that may be made from time to time by or on behalf 
of the company. 
For further information please contact: 
EMEA                           Asia Pacific
Paul de Lara                   Sarah Vanita Gideon  
Infosys, United Kingdom        Infosys, India
Phone: +44 2075162748          Phone: +91 80 4156 4998 
Paul_delara@infosys.com        Sarah_Gideon@infosys.com  
Australia                      Americas
Cristin Balog                  Danielle D'Angelo
Infosys, Australia             Infosys, United States
Phone: +61 3 9860 2277         Phone: +1 510 859 5783 
Cristin_Balog@infosys.com      Danielle_DAngelo@infosys.com 
                  
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-0- Feb/25/2013 07:42 GMT