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TCS Not To Lay Off Employees Amid Covid-19 Lockdowns, Freezes Salary Hikes

TCS, which has about 4.5 lakh employees worldwide, will not rescind job offers to 40,000 freshers and get all of them on board.

PTI
Employees stand near a signage for Tata Consultancy Services Ltd. in Hyderabad, India. (Photographer: Namas Bhojani/Bloomberg)

Tata Consultancy Services Ltd. will not effect any layoffs due to coronavirus lockdowns nor will it give any salary hikes this year, India’s largest software services exporter said while announcing its March quarter results on Thursday.

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GST Rejig: Post-Sale Discounts To Dealers Not Subject To GST, Says CBIC

  • chevron-double-right Recipients of goods need not reverse ITC when receiving discounts via credit notes
  • chevron-double-right Dealer discounts for competitive pricing are treated as price reductions, not GST
  • chevron-double-right Discounts under agreements with end customers form part of the overall consideration
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