create a formula field that calculates the time based on the timzone. Please try the below example. The example which i showed you will work for PST. if needed to use that in IST change the values (-7 & -8) to 5.5
IF ( DATEVALUE(CreatedDate) >= DATE ( YEAR (DATEVALUE(CreatedDate)),3,1) + (14- CASE( MOD(DATE ( YEAR (DATEVALUE(CreatedDate)),3,1) - DATE (1900,1,7),7) , 0,7,MOD(DATE ( YEAR (DATEVALUE(CreatedDate)),3,1) - DATE (1900,1,7),7)) ) && DATEVALUE(CreatedDate) < DATE ( YEAR (DATEVALUE(CreatedDate)),11,1) + (7- CASE( MOD(DATE ( YEAR (DATEVALUE(CreatedDate)),11,1) - DATE (1900,1,7),7) , 0,7,MOD(DATE ( YEAR (DATEVALUE(CreatedDate)),11,1) - DATE (1900,1,7),7)) ), LEFT ( TEXT (CreatedDate- 7/24 ), 16), LEFT ( TEXT (CreatedDate- 8/24), 16) )