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For the past few days, reports have been doing the rounds that leading IT company TCS has decided to delay the amount of variable pay due to its employees for the June quarter.
A few days ago, there were reports that June quarter variable pay due to C3A, C3B, C4 and equivalent grade employees will be delayed by one month. In this case, TCS has denied this information.
In a statement released by TCS, “Completely wrong information is being spread regarding the payment of variable pay. Variable pay is usually paid either in the first month or in the second month.
There is no delay in payment of variable pay amount. 100% variable amount due for June quarter will be paid in full,” it said.