This company of Ratan Tata gives bonus every 3 months, amount is separate from salary, paid 100pc quarterly variable allowance to…

Tata Group’s IT sector company, TCS, has paid full Quarterly Variable Allowance (QVA) to more than 70% of its employees for the January-March quarter.

Tata Group companies are known for providing excellent employee benefits. Tata Consultancy Services (TCS) is the largest private-sector employer after Indian Railways, announced that it has paid 100% QVA to over 70% of its employees for the January-March quarter.

In a statement, TCS said, “We have paid 100% Quarterly Variable Allowance (QVA) to more than 70% of our employees. For employees in other grades, QVA is dependent on the business performance of their respective units. This is in line with our standard practice across all quarters.”

The company clarified that for employees in other grades, the QVA payout is determined by the performance of their respective business units, which is consistent with TCS’s established policy across quarters.

“We have paid out 100 per cent QVA to over 70 per cent of the company. For all other grades, the QVA depends on their unit’s business performance. This is in line with our standard practice across quarters,” TCS said in a statement.

TCS (Tata Consultancy Services) reported a 1.7 per cent decline in the March quarter net profit to Rs 12,224 crore, driven largely by a margin contraction.

It logged a total revenue of Rs 64,479 crore in Q4 FY25, up 5.3 per cent over the year-ago period. While announcing its Q4 and FY25 earnings last month, TCS had said that it would be deferring annual wage hikes to its 6.07 lakh employees due to the business uncertainties triggered by the tariff issues.

The company’s chief human resources officer Milind Lakkad cited business uncertainties for the delay in annual wage hikes, which generally set in from April. He, however, did not give a timeline for when the company will announce the hikes. 

(With inputs from PTI)

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