Cheer for over 4 lakh TCS employees as company announces salary hikes from October

BENGALURU: After a subdued first quarter(Q1, FY21), India’s largest IT services company, Tata Consultancy Services has announced salary hikes for its 4,53,540 employees with effect from October 2020 across all bands.

The salary increments according to TCS CEO Rajesh Gopinathan will have an impact on the company’s margins in the next quarter but is likely to be offset by demand recovery from the client side.