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Hello 🐟🎏
When will be the retention bonus will be paid if a candidate joined TCS in the middle of the financial year. I.e September'22... Will that be paid on next year's September'23 Month only after completing an year in TCS?
And will the Retention bonus will also be considered as taxable income of the the current year taxes(2022-23)?
Looking for valuable suggestions!!!
Tata Consultancy
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Rarely ever in external facing materials, always share views for our client so they have a sense of what people will likely ask for
Typically from what I’ve done we only list financial debt on the sell side like loans
What we prepare for external consumption is often different than what is prepared for internal consumption. No sense in giving everything away unless the buyer is sophisticated and schedules it b it we certainly know about it so as to not be blindsided.
Very common in Europe. They’ll present adjustments in as seller-friendly a way as possible.
Not across all of Europe and even where that does apply you can typically sign waivers to give up those employment rights (which you kinda have to do even if the law says you don’t, if you want any sort of career)
In some countries the big 4 do get forced to pay overtime though
We do that every sell side. It’s standard for a qoe just like nwc would be