TCS clarifies gratuity exclusion, says employees will see no reduction in pay
TCS’ appraisal letters have triggered employee reactions, with some alleging reductions in CTC and downgrades in performance bands. Discussions have also intensified around a drop in take-home salaries following changes linked to the implementation of new labour codes.The debate concerns the exclusion of gratuity from cost-to-company (CTC) under TCS’s revised compensation structure. The company said…