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⚡TCS Employees Claim Fall in CTC After Receiving Appraisal Letters

By Team Latestly

Tata Consultancy Services (TCS) rolled out an average 5 per cent salary hike using a bell-curve model, with top performers receiving 9-13 per cent increments. To comply with the new Labour Codes, TCS restructured its compensation by removing gratuity from the displayed annual CTC, leading some employees to report lower figures and reduced variable pay.

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