New labour code not implemented in the compensation letter. Liars

like
Posting as :
works at
You are currently posting as works at

It's implemented, go and read new labour code..don't just follow news channels 50% basic thing.. it's not basic but wages as per new labour code

Its 50% basic rule say.
The 50% Wage Rule: Basic salary must be at least 50% of the Cost to Company (CTC). This directly raises the minimum contribution requirements for employee retirement funds and gratuity.

This is concerning bcz knowing tcs I don’t think they will pay 100% monthly performance pay now. What u think? Pls help, I have joining on 1st June

No BOB , so no Sodexo?

bro ... I am B.com ... i can explain what happened...

Basic Salary does not mean that exact "Basic salary" in compensation... Basic Salary consists of 2 to 3 components....

Basic = Basic pay + HRA + other Allowances like DA...

for private emp. no Dearness allowances... so This time your basic pay is like Basic + HRA..... but loophole is , to calculate PF gratuity ...HRA will not be taken... in Govt structure.... basic is 50% ..then hra will be added ...but for private employers they have used HRA heavily to comply 50% govt. policy...

add your basic pay + hra ... you will see more than 50%

That true. They have used loopholes

like

Please read the new compensation policy in HR Hub in Ultimatix

Related Posts

Hi, I am living in pg near gtp office whose rent is very high. So searching for a single sharing room in a 2bhk flat or in a good pg with decent rent. So is there anyone searching for female roommate near gtp Kormangala or do anyone living in good pg with decent rent. Please DM me. Also searching for some North indian friends to hang out.

like

Suggestions on how to spend the next year before starting MM PE gig? Don’t have a lot of modeling experience, any tips on prepping or is it mostly learning on the job?

like

How are hours in PE ops? Seems investment side is 50-60 then 80+ on live deals

like

How is Google from a pregnancy/maternity support standpoint? Considering applying for a role, but likely will aim to have a child within the next year. Would they be accommodating? Do people usually come back from maternity leave into the same role or a different role?

like

Hi Fishes, Please advise ASAP
YOE - 9y, DevOps
How much can be expected from JPMC on existing offers from other company of 28 LPA Fixed + 2.8 Bonus ?
Planning to ask 35 Fixed , will JP give this much ?

like

In ey gds when mail will come for uploading docs before joining? What's are the documents need to upload? EY

Best neighbourhood on/near/in the water...in LA, high proximity to fun and creative culture. Welcome any and all thoughts...

Hi all! I will potentially get an offer from LEK and/ or Clearview healthcare soon and would like to start deciding which is best for me. Which do you all think would be best in terms of versatility of projects and exit opportunities, culture and overall experience at the firm? And why? Thanks for the help!

like

Dear All,

Hope everything is going good.

Had a question on the below
1. What is CTC for 12years project management roles in sapient
2. Do they have wfh
3. How is the overall culture and flexibility

I have my final round and your inputs will help greatly.

like

What’s consulting like? I imagine there are similarities to ad agencies but I keep seeing so many horror stories all over this app.
Anyone here from Accenture? I know one of the best ad agencies is now owned by them.

like

Hello folks,

I am a TAC enginner with Cisco ,yoe 14 , currently on CTC 18, Is this normal ?

Thanks,

like

What are some telltale signs that someone is not genuine?

like

Is $100K CAD a reasonable salary for a Senior Art Director in Pharma?

like

Wanting to make a shift into strategy/mgmt consulting from HealthIT. Any good books out there to help prep? Looking for anything but preferably technical information to prepare for an interview.

like

Does EXL have an internal forum where employees sell out the cars after lease is over?
Or even lease transfer?

like

I work as a worker’s compensation adjuster and I cannot seem to get the hand of loss of time. Been in the same role for a year. Any piece of advise? I have made several improvements but it feels like I’m dragging it out. Last question is how do you manage claims that you have not handle for months and you’re too scared to do anything.

like
like

Hey new to this field..so what are some certs I should focus on as a newby... and what type of training I should be taking. I've been focusing in trailhead..but if u know of other training mods..lmk.

like

Additional Posts in Tata Consultancy Services

Hi Fishes,

What the maximum salary that TCS offer for m365 exchange admin roles with 4yoe..?

It would be helpful for me...

like

Hi All,
I have recently joined TCS. Can anyone please let me know where i have to upload rent agreement and rent receipt in Ultimatix for HRA tax exemption.

like

Is Canada visa initiated for anyone in TCS

Is there some specific time when visa will be initiated for Canada

Can anyone tell me what is in hand salary will get? Do tcs pay that monthly performance pay or they will deduct?

Post Photo
like
likefunny
like

Hi
Anyone working in TCS Bayer project? I want to know about WLB and on-site opportunities.

like

Anybody left Tata Consultancy on or around 24th November? Have you got your FFS?

like

Hi Fishes,
During my whole career I have given my first interview on last Saturday (18th June) in a different company.
Could you please let me know how I'll be notified I'm selected or not? Or normally how days I need to wait for their further communications? it is a right way to email the recruiting HR about my selection status or interview status after the normal waiting time?
Thanks in advance.

like

Can someone rejoin TCS

like

For getting promotion who take the main decision? Manager, Supervisor or HR?

like

Any one please give me some clarity on TCS maternity policy. My wife is 5 months pregnant now and my joining date in tcs is 21- March. I'm I eligible for insurance amount for maternity expenses. If yes how much.

like

So, will we get revised salaries with May salary or June ?

like
like

Hy all

Right now I am in notice period and don't have any offer in hand
But I inform to my manager I have a offer with x amount and he agreed to match it
Right now I am going for a call with HR
If they ask do I have any offer in my hand then what should I answer them
Will HR ask for the offer latter which I have?
Fact - I don't have any offer in hand right now

like
funnylike
likefunnyupliftinghelpful

Subah subah Band release ho gaya appraisal letter aaya bol ke khud toh so jate hai aur hum din bhar ye sochte hai saala check karke dekhte hai kahi hume hi na aaya ho.

Yaad rakhna tumhare liye Nark mei alag se jagah hai.

Post Photo
funnylike

I am 9.5 years of experience and working as data engineer . I have an offer of 25 LPA from Capgemini and I just cleared Infosys technical. Is 30 LPA sounds reasonable to Infosys?Tata Consultancy Infosys Capgemini

like

Hi all,
Can anyone tell how much is the salary for Japan onsite from tcs.?
ITA grade

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal