The post title has been modified after many have raised issues that band D % is not increased this time around.
Here is the new breakup as suggested by commenters :
A 10%, B 32%, C 43% , D&E – 15%
Old post –
Tata Consultancy Services will be announcing its annual hikes next month, but not everyone will rejoice the news, TCS generally tries to keep its overall employee costs same and predictable irrespective of the performance of the company. TCS has been under tremendous pressure due to increasing attrition rate over the past 3-4 months, unlike anytime TCS senior management have spoken about proposed hikes from last quarter just to hold on to the employees planning to quit.
Typically TCS fixes the share of each bands every year typically following is the Division (very sure abt B and C)
A – 5% B – 30% C – 40% D -20% E -5%
A – 10% B – 30% C – 40% D -19% E -1%
The above are normal scenarios but these values are kept as confidential and never shown outside, but this year the management seems to focused on making sure the band D is increased, several project GL’s have been conducting sessions explaining how Band D is not that bad.
And the hike is expected to be in range of 7-15% (highest in higher levels of management). Most employees will see a hike of around 10% max.
Tags: Band D, TATA Consultancy Services, TCS, TCS hike 2010
Hi Admin,
Any news about the next promotion cycle. Any chance for this to happen in July 2010.
@ASE 2 ITA Promotion
Nothing is sure till we get it. But if attrition stays high then TCS doesnt have any other options. If the hike is not at expected levels many might quit.
I think they will give promotions only for those eligible for Jan 2010 duirng July 2010 cycle.
@Admin, Where did you get this info? The above news cannot be true.
I am a senior PM in TCS and have close contacts with various levels of HRs. In fact I just completed the curve fitting for my 180 member team…
This year the Band D has been slashed indeed. Band D used to be 19% every year, but this year they started with 17% and finally they made it to 15%. This will only decrease the number of Band D in a team.
But Yes, We are advising the associates that Band D is not such a bad thing. We know Band Ds usually trigger an attrition and we’ve been asked to control it.
shame on U ,being a PM in TCS.To hell with ur seniority.just shut ur bloody mouth.
Also the usual band proportion is as follows:
A-10%, B=30%, C=40%, D=19%, E=1%. Band E is optional and has never been above 1% as stated in the article.
@E=MC2
I got the increasing Band E from HR, TCS increases the percentage in tough times. And how come the Band D % was reduced this year suddenly?
Everyone knows Band D affects promotions and salary, how come GL’s are trying to convince team members?
Common man. You are at a wrong place. How are u trying to explain that band D is not that bad. How many time have you got Band D in TCS. How many times a band D person has been given promotion in teh normal cycle. Plz. dont come here to advertise Band D is good. shut up ur mouth.
band concept very bad idea in TCS , How can TCS predecide 15-20 % associates are poor performer(who are at band D or E).15% of 1.5 lakh means 22500 Assosites are force fully pushed to Band D or E. TCS simply spoling their career ,demotivating the associates,in TCS Harwordking , ur motimation to work doesnt matter , only matters your relation ship with higher managemnt, oiling ……. too much biasing hapens here due to curve fitting, IF TCS do not change Apprisal process ,definitly attrition rate will increase , Out side of TCS people will think 100 times to join here.IF TCS talk about profitibily they should blame who are directly involved in making profitibily , they should not blame to techies/operational people,
I might sound like a dumb nerd (and I prolly am) but can someone please explain the band thing in TCS in some detail? I have never heard of any bands or the salaries being related to them. Does it have something to do with the ratings?
Another question, what band does an ASE, Y grade trainee belong in?
i don’t know who the hell are you..are u from tcs if yes then shame on you ,if not from tcs then please keep distance from tcs….it really sucks the blood of it employess….FYI Band is band bajana….@@@@
Umm .. Well, I just kinda started in TCS .. but thanks for the heads-up anyway.
E=MC2 is correct. this year A 10%, B 32%, C 43% , D&E – 15%. Dexter seems to be wrong this time
Considering many of you are suggesting otherwise i will update the percentage in the post.
dexter why did u change the %,only because of few comments given here…everytime you have given very authentic information…thanks a lot for each update..it really helped lot of tcsers…I know one person who did curve fitting for 200 ppl and he maintain
A – 10% B – 30% C – 40% D -19% E -1%…. as IPF rating is out and people has already start putting their papers(resignations)….so let’s see what will be the final outcome…
Band@D-please beware no promotion on band D,no hike so please don’t fall in love with ‘D’,if ur innocent manager(mamu) is saying anything,please ask his rating(@A) …ppl here just make fool of others and keep the best rating for themselves….
@Tcs_info
One of the comments included a trusted source, some1 I personally know as a GL.
Dexter. Yes. As I had mentioned in my post earlier, Corporate has decided to cut down on D% this year. Bust you still got a margin of the band B wrong.
This is the right one – A 10%, B 31%, C 43% , D 15%, E 1%.
And I think the hike will be 10%, but the overall increase may be more than that. Reason being, there had been 2 promotion cycles in July 09 and Jan 10, but people are yet to get their VA increase. So the VA increase + 8 to 10% hike should trigger a fat pay increase. Let’s see…
Is it confirm there will be any VA increase for the ppl who got promoted …my gut feel says they will not implement it in this quarter…they have to maintain quarter profit. so normal 8 to 10 % hike for all and VA for promoted ppl will be applicable exactly after one year i.e. ppl promoted in July 2009 will get from July 2010..and so on…
@TCSer, I am at least 90% confident that we will get our pending VA hikes (for those who were promoted in Jul 09 and Jan 10) in April 2010 effective April. We had a HR townhall in Mumbai Seepz last week where they answered queries and confirmed this.
Dont fall in trap – if your mamu (manager) try to convince you for ‘D’ dont agree. D has lot of bads for your career in TCS it will delay your promotions and other things. And if you have D twice then better put paper and search better job outside.
Mamus will tell you all good stories and NO manager will accept less than B for themselves and how come they ask you for D. Rating is nothing but the distribution of money from a fixed pool of money(VA) . Manager will take ether A or B for themselves and cut rating of their subordinates. HRs in tcs are dummys so dont expect any help from them if you dont agree with your ratings.
Hike of 10% !!! sucks man… Even the DA increment of the govt employees would be more than this…2 yrs and this is what we get.. That explains why people are starting to quit post the IVF itself.. Cant understand why it is panically doing lateral hiring.. just to show good numbers in the quaterly reports ?
Dexter
I heard for the first time ever that there is going to be some salary hike for the people on deputation to US, can you please confirm if this is true. I bet the hike would be minimal that it would have no impact even on your taxes (I remember once they gave us $2 each for some celebration – well we used it to pay the tips partially and the rest we paid).
I couldn’t stop laughing at the $2 thing but I know TCS very well to say they are the only one’s who can do this.
About increment I have no high hopes and would suggest the same for fellow tcsers..
When will the performance band be released?
This is really stupid. They treat employees with D band very badly …currently if you get a D means they are asking you to leave the company . How can they convince employees saying that D is not bad. This is the height of exploitation.
I have got 3.0 as the final IPF, but my PL says it will fall under C band. Is he is lying?
Typically a 3.0 in 90% cases will be fitted into a D. But if in your account everyone else has a poor IPF you might get a C band. Anyway if your PL wants you to get Band C he should have given atleast 3.5.
@JJ, you will fall under band D
When they are going to announce bands?
Do you work in TCS. I so, please check Global Speed. On the home page of Global Speed, you would see the details.
If a person has 3.99 rating avg of (H1+H2), in which band he falls?
There are maximum chances of ‘C’. If the rating given to the whole team is conservative then you might get a Band ‘B’ as well. All the best.
its not direct average of H1 and H2, its like 25% H1 and 75% H2.
It was 25-75 couple of years back, it is 50-50 of H1 and H2 now. I have been managing it for ab0ut 100 people for 4 years.
Hi Dexter/FrustASTed,
My current package is 5.3. I will receive Band B and have been promoted as ITA in Jan’10. Any ideas how much my package could go ?
Also I have also received info from my GL and local HR people promoted would receive their VA from April 2010 onwards.
Regards,
Hopefully Dexter will keep up his promise and come up with a new thread on the VA matrix for all grades and bands. We all can compute our hikes after that. This is what I’ve from the other thread…
ASE Band A =?
ASE Band B = 12600
ASE Band C = 10800
ASE Band D = ?
ITA Band A = 26600
ITA Band B = 24000
ITA Band C = 18000
ITA Band D = 12700
AST Band A = ?
AST Band B = ?
AST Band C = ?
AST Band D = ?
What is the source of the above figures?
Hi,
I tried the above VA matrix and the amount for ASE Band C = 10800 is what i have . So FrustASTed is right .
Regards.
Hi All,
I have 3.5 years exp , and been offered ASE in TCS . iam negotiating with the HR to give me ITA designation , will they give me that designation?
pls help..
No Way, you will not get ITA, but btw, why do u want to join tcs?
Hi,
youcan try for ita…
1 guy here got it
I have seen 3 year experienced people getting ITA, fight little harder and get ITA.
Better still is to join some other company and not coming to this sh*thole. You will sucked inside out.
F*** this company.
Do one thing, Go and fell in some better sh**. This sh** stinks a lot.
TCS is considering its employees as slaves. It gives importance to only HRs and Managers. Please don’t join this company if you want a decent life.
Why anything happened?
Final IPF = 50%*(H1 Goal IPF + H2 Goal IPF)/2 + 50%*(H2 Attribute IPF)
# for all grades belwo C3A.
Final IPF = 70%*(H1 Goal IPF + H2 Goal IPF)/2 + 30%*(H2 Attribute IPF)
# for all C3A and above grades
Hi
I have got 4.02 in H1 and 4.60 in H2 – what are my chances of getting ‘B’ band ?
Very bright Chances …All the best..
There is no final IPF ………..It depends on the Accout owers ..If ur account owner decide to go with just H2 for ease of ranking ..only your H2 IPF counts ..
Last year also there was no sharing of Final IPF (for h1 and h2)..It’s only the BAND that will get published on Apr 1st .
This is absolutely correct. Infact the last year when I had rejected by band and had a discussion with the GL , she told me that IPF cannot be a direct indicator of the band, we can’t compare apples to oranges !!! Why the hell do we have this whole process of band setting and appraisals then. TCS processes sucks. They are just tailor made for the convenience of higher management and HR’s. TCS only encourages people who specialize in cheap, selfish and derogatory tactics all behind the scenes. If you think you are a genuine person leave TCS and use you talent and hard work in organizations where it is valued not like TCS where only a bunch of idiots rule.
Anyone in this forum had 3.0 previously and still fell on Band D?
@JJ
Everyone in my project is above 3.0 and 10 of them will get Band D.
What is the chances of getting Band C for 3.0 ratings.?
The IPF really doesn’t matter .It’s your Ranking in the account which matters for the BAND .Project A may score 10 associates from 4.9 to 4.2 but Project B may do from 3.9 to 2.1 . Project A’s 4.9(Rank 1) and Project B’s 3.9 will get A and vice versa..
I totally agree with that…..
It matters, If yu get IPF of 3.2 and Band of ‘D’ means -
Band ‘D’ will affect your VA component but
IPF ’3.2′ will help when HR is searching for IPF of ’2′ rating guys.
Hi All,
I have a performance pay of 10,000 per month in my offer , is it possible that it will be decreased , though my performance is good?
can anyone please ehlp me..
@ratnakar
Based on your VA it should’t go down much. What is the role offered and Basic?
Dexter,
My H1 rating is 4.47 and H2 rating is 4.6. All members in my team (6 members) got similar sort of rating. Moreover, we all have been promoted to next grade during 2009-10. I have a strong feeling that they will give an inferior rating so that there won’t be steep hike. Request you to put some light on this issue i.e. inferior rating to promoted associates so that salary won’t hike much.
Guys,
Let us not complicate anything more on this… Will like to clarify certain stuff:-
1. Your PM or GL has no reason to worry that you’ve got a promotion and giving you a higher rating will result in a steep hike. Like everyone else, your PMs and GLs are also waiting for hike letters and they don’t really care about the increase in CTC of their fellow subordinates.
2. Having said that they just cannot give higher ratings to everyone. They have to fit the band and there’s only a certain amount of A’s and B’s and they must give certain amount of D’s. Rest of them fit as C.
3. Your H1 and H2 ratings will form the final IPF for the year. The system will generate the band based on the final IPF (where you stand when compared with the whole team). But your GL or PM can always override the system generated bands. So IT IS POSSIBLE for an associate-1 who got lesser final IPF than associate-2 to get a higher band than associate-2.
I am a Senior PM / GL kind of a role based in Bangalore and want to mention this. I have seen associates with 4.5+ getting a C band and 3.0+ getting a A band during the curve fitting process.
E=MC2
@ E=MC2
I wanted to ask, If some one gets a Band D, is the process good enough to handle rejections and getting the Band resolved by a dialogue.
@Band D Syndrome
Once given a band it is highly impossible to change it through disagreement. HRs simply try to convince you to accept it. But if you know someone at Account Head level you may get lucky.
dude,
your 1st and 3rd points contradict, if there is no reason then why do the managers manipulate the system generated bands which are based on the actual IPF, making things unpredictable for the associate.
I dont understand why do you re-iterate that you are a senior PM/GL, no one cares actually atleast OOO.
@E=MC2
PM and GL do have a reason to worry about the hikes of subordinates primarily because it has a direct impact on PROFITABILITY of the account – That’s why people maitain senior-junior ratio in the team.
The more expensive resourses you have , the profitability of the account goes down – if it goes down , it has an obvious impact on GL’s/AM’s Goal sheet -as simple as that
I am not a senior GL but i do understand the simple fact here – Please don’t misguide people
Hi
I have got 4.46 in H1 and 4.1075 in H2 – what are my chances of getting ‘B’ band ?
Nothing can be sure, but based on your H2 its 50-50.
Hi…I’m a TCSer who got promoted to ITA in Jan 2010. Also my H1 IPF is 4.60 and H2 IPF is 4.61. What is the chance of getting Band A in my case ?
very bleak chance to be honest.
My H1 rating was 4.6 and H2 is 4.8. What are the chance of getting A band.
I hope you get A band. I am not too optimistic though.
My H1 is 5.0 and H2 is 5.0. what are the chances of getting A band?
50-50 …
Very Low….
Mostly B….
Itna kyo Darta hai yaar???
So if you guys get Band A or Band B how does it matter when the promotion policy gets updated through a batch process every month. The HR do not know when the next promotion cycle is. They say no information regarding next promotion cycle is available ( July shud be available they say but no communications from the CORPORATE yet). Why worry about the 5K (Rs not even $) extra that you might get this year. My point is as far as you are there enjoy the benefits (umm I should say if any benefits are available) till you are there and leave when you are ready to leave. TCS is not a company that you can build your career in. Chalo Chalo. Enough is enough. They treated us so bad when they knew people cannot move out due to recession. The mentality is to exploit dont get exploited.
This is the policy of the TATA group. They themselves do not know what they should do.When TATA DoCoMo announced 1p/s plan last year they thought that they did a great thing. Shortly after that, when all the mobile service providers did the same thing, now they are telling that their plans change every day!!
I hope the era of the TATA group autocracy will end soon.
dear sir, before writing anything about TATA group, try to think about mom and dad.
cursing tata means cuursing ur mom and dad.
i know people are furst abt salary (even i am as an emp of tata group) but i blame management or some people not the whole group.
india is standing where it is now is due to TATA only. they are GOD to india and being an indian its my duty to respect the TATA name, so blame anyone but atleat not to the name TATA.
Hello brother ! Do you think Tata is not a part of the management…..I agree that the problems are due to the managers and junk appraisal and promotion process that have no transparency at all.But it is the Managing Director’s duty to look into that and try to fix something.I think that part is not being done for a long time.
Yes, I fully agree to that. I think the Managing Director closes his eyes intentionally(I know that you know this better than me). He finishes his duty looking at the gross thing which is always promising. But the grass root thing is neglected always.
The country is built by lot of people. It is impossible for a single industrialist to build a nation like India. I am not criticising TATA for the good work they have done and also whatever good work they are doing now. But that does not leave them innocent for ruining the career of so much professionals. They should be dragged to court for this….
Dear TATA fan…
I would again give two simple examples. I am from Kolkata….
There are two major projects of TATA which are currently going on here and are at news..
1. TATA Housing project – They proposed to sell economic flats in the suberbs of Kolkata.
2. TATA cancer hospital..
The first project is complete, I think as the advertisement of them goes. But their advertisements tell that they are selling very expensive flats in the suberbs of Kolkata. I do not know what benefits do they bring for the common man… Of course TATA’s business interest is well protected.
There is no mention of the second project anywhere. It vanished into the thin air. Ratan TATA promised to build this when the Singur project ended in a mess. Where are his promises? Did he not want to do good for the mass as he acted like a film star standing at Singur? This would have been tremendous help to the innumerable cancer patients in the city…..
Hence my conclusion is building society is acceptable for TATAs as long as their business interest remains protected. I can give you more and more examples from outside Kolkata…..
Please read “creation of wealth” by RM LALA, you will get 100′s of exp contradicting you. and why u talking about proffesionals and all,…its happening not only in TCS everywhere the case is same. tell me people who moved from tCS and happy.
many people in TCS are also happy.
rating and banding are always frust thingseverywhere be it IT, manufacturing ..
Wow Pravin it seems you and your whole family has been adopted by the TATA group, sorry to say this dude but I couldn’t understand the mom-dad role in TATA operations. To add to this a country is made by it’s people and not by some company, it’s an INDIA->TATA (SUPERSET->SUBSET) rule and not the reverse. Speaking specifically for TCS, it’s been made by the hard work talent of Indian IT professionals and not the TATA group policies. If the TATA group policy and operations were so pure, you wouldn’t have so many people taking things here. People who really understand the power of Indian brain know IT is made out of it.
High hopes!!
Sir…. I am also part of TCS. I understand it is always difficult to satisfy the entire junk of work force and so is the cause of all the stupid comments circulating. Infact if you consider the ratio of the total comments to the total employees , the ratio is completely negligible.
Also pls you do not have any right to talk about the TATA Group. Learn to appreciate the people behind it. And also regarding the Tata Docomo, its just a marketing activity and if really don know to appreciate it please you can shut your f…..g mouth.
Can some on provide these details..
AST Band A = ?
AST Band B = ?
AST Band C = ?
AST Band D = ?
AST Band A = 37500
AST Band B = 33000
AST Band C = ?
AST Band D = ?
i am seeing a lot of conversation here relate to ipf.People are thinking that ipf is related to band.Actually guys the bitter part is ipf is not related to band.
This year i was part of band deciding committee for my account.it is all pure politics.It is all upto your manager to give band.Even people got 4.5 ipf.we have given only band c as his manager does not like some qualities of him.In front he gave good ipf to him to show he is good manager and same the guy told us to give only c to him.Lots rating are just managers wish and based on your performance or ipf.Everything they bring to account profit for the bullshit brm to get good commission on the account revenue.this we did not even release ipf for many people due to brm pressure not to release it.it bloody f*** company.
Are TCSers on deputation to UK getting more money now or soon?
I heard the UK authorities have found some companies were underpaying their employees on deputation by claiming tax back for them and keeping it. I saw a post saying TCS was one and it was about £6k per person p.a. and TCS have been told that what they are doing is against the rules.
no hike… from april 2010 indian salary(after converting it to £) will be transfered to uk A/C,just to align to new visa rule(6th april onward)….so no change as such…
hi I had 2 PE’s in H1(PE1-2.9 rating & PE2-3.5 rating). In H2 3.5 can some one tell what band i will get
Hey Guys..look at the following post that I saw in Just Ask :
Giving promotion with a hike of 2K is totally in favor TCS. The first thing that will change or rather impact by the change in grade is ‘COST BUDGET’. If the cost of an ASE per day is ‘X’ then it will become 1.5X. It simply result in more responsibilities on the promoted employee (in fact that is what promotions are meant for) as project manager is also helpless and have to maintain the Gross Margin. But, how many associates have been selected for a particular role based on the designations (forget BDM, BRM). We have assigned responsibilities and work based on experience. Those who got promoted this year were already owning the responsibilities of a promoted grade for past 1 year. It means that we have to carry more work to maintain the cost budget and as in order to do so we have to shrink our team size. Let we take a hypothetical example – There is a project in which we have 5 team members. We have been assigned a cost budget 5X. All the employees awarded promotions then the required CB will be 7.5X. To maintain the Gross Margin, PM will either release two resources or replace two promoted employees with lower grades and release one resource. The crux part is that though the cost budget has increased but the outgoing cost is increased by mere 2 K (which is equal to the increased budget for only 2 days). It means that the Gross Margin will increase by the actual Gross Margin + Increase in CB for 20 PD’s per resource.
In addition to that, the on-site opportunity to the promoted employees will be very low. And, the promoted on-site resources, who are the part of fixed price projects, will be replaced by junior resources (and TCS will say that it is our rotation policy)
Also, the morale of the promoted employees is very low which will have a very negative impact on his/her work.
Hi All,
I Feel TCS may give good hike this year(good hike does not mean 20% to 30%)
may be 10% to 15% this also company still not announced(expections from experts, as tcs did not give hike last year
Hopefully we all may get hike but not to the expected level,
BANDING OF TCS WILL BE ANNOUNCED IN FIRST WEEK OF APRIL THAT IS SURE
Dude, How much % hike can a “C” band associate expect this time around. And what about the VA increment of promoted employees? Is it happening……
Somebody told me that VA will be increased after one year of promotion……
I have completed 4 yrs in TCS this month Mar 2010
My first year as ASET confirmed with 3 rating in March 2007 but in May/June 2007 I came to know I was awarded band D(bands were introduced for the first time since then) ,
here is my generous confidential progress report give by TCS
2006 – 07 – ASE T C1Y – band D , confirmation rating 3
2007 – 08 – ASE C1 – band C,
2008 – 09 – ASE C1 – band C and
2009 – 10 – ASE C1 – current year, expecting band >= C.
Under these situations will I able be eligible for promotion in July 2010 cycle.
As per the one and only one promotions document found in Ultimatix that relates to 2007 says , I shall be eligible
which says min of 4 yrs experienc in TCS and not all D’s in the current grade..so shall I rest in peace that I will be eligible for
July 2010 promotion.
I think your chances are low so to say. but since its ASE to ITA it could be. If u get a B rating this time, then it may boost ur chance little bit. If u ever had a D that will spoil all equation.
Hi All,
TCS has started to release performance band . I got a mail from ultimatix.gspeed regarding my performance band 15 minutes back. I belong to EIS-Parent 1.0.
Best of luck to all of you.
How come ? Are you making fool on April Fools Day ? TCS never shares it’s associate Bands in emails…I guess you work for a different company and posted in a wrong forum !!
this is strange!! i have got an email too….
Funny Organization!!! I have not a mail still stating I am promoted. But things like band etc etc are released in email..
Performance band released… I will quit TCS…. this time for sure…
bank released. i got an email from gspeed.
Got 4.2 avarage and band is C
Just now I got a call from the Company CEO who informed me about my Band…it’s A+++.
People have got their bands.. maybe not everyone.
news is correct. I got an email as well. Got band B. ipf for H1 and H2 both are 4.31.
Yes the band release news is correct….
I got a email too…Got a C …… Average of H1 and H2 is 3.3
Hope the increment is good enough and the promoted VA’s are in affect from April
Band is released only via Mail .
You can view your performance band through ‘View Performance Band’ link under appraisee tab in GSPEED, after 2 days of receiving this email.
People here and the company is making us a fool on FOOL’s day. Band cannot be released by Mails. Unless these mails are SPAM.
who told u bands can not be released by mails?
Finally news is out on Ultimatix and 92 Units declared today. Also associates will get an email, refer to Ultimatix right hand column for updates. Best of luck to all….and poeple who have got their bands share their exp
The employees from the respective units whose performance bands are released will receive an email confirming their performance band. These employees can check their Performance Band on SPEED, after 2 days of receipt of this email, using the path below:
Any Idea, when the increment letters will be coming..? also I see no post further….seems all are partying around or already left for the day
Hi All,
Waited for such a long time, wait for 3 more days to get your final band ratings, Your incremental letters would be issued in 2/3 week of April after the annual results declaration. In that media communication only it also be declared how much they are going to increase the salary for the associates and other details
What an unfair judgement. Inspite of my good performance, hard work and supporting appreciations from client and fufilling 90% of requirement in the so called SPEED I have been assesed D, which means below average. This is company is good only for fools and managers.Favoritism,vengence and politics plays the lead role in this company. I am going to quit. TCS is sure to lose some more of its loyal and hardworking employee. The managers here are no bad than an politicans.
Now the real game starts… That day some sincere guy was giving me gaali(also my father and mother were not spared). Can he throw some light on these comments? I have seen and tolerated TCS for 10 years. Let us see how much that sincere guy can tolerate this company.
Check with your supervisor if he has really fooled you on the day of 1st April!!
You have to take blame on yourself dude. If you work according to goal sheet, you are making a fool of yourself. Any manager will assign you goals which no one can fulfill simultaneously in H1/H2. Goals are set so that they can be used to reduce your rating and not to increase your rating. Your performance and smart work decides your rating. Relationship with top management also has a say in your rating. Once rating is decided, all goal ratings are manipulated.
Work for yourself and make yourself marketable.
Guys, I did my best for me and most to it for TCS and Its natural that I expect good rating for my good performace and I am sure that if I move out the project, project is sure to close soon because client had mentioned explicitly that they need people like me. So these are proof about my performance and inspite the rating is bad is very very much hurting.
I’d say, only link with top management works, or buttering of direct supervisor for whole year.
Performance has no relation to IPF or Band per se.
My average IPF is 3.7.But the band I got is C. I was expecting B.
Why they are reluctant to give A or B band to associates? Is there any logic in this?
They are not giving proper salary.If they give good ratings at least it will be a slight relief for us
My average IPF is 4.2 and I got C….Full of bias in giving bands…
Has any got band B, with avg IPF more than 4.3??
yes my closest friend having H1 IPF 4.47 & H2 IPF 4.53 has been awareded by Band B
Got a IPF of 4.5+, got band B. Was expecting A, but then I would not complain.
Being a apraisee and reviewer, the only thing i can say is that IPF hardly matters. Just were asked by GLs to provide the bands before giving IPF and arrange the IPF according to your team members band.
All the best to the rest.
Guys just look at this ..this is what admin release last appraisal cycle and it is the reality which we all suffer at times…..Manager are the only people who work and GL are inclined to give A to them. Team members are fool and if they don’t have close relationship with PL or GL they are dumb…. so here are the tools which PL throws on an associate and earn rewarding rating for himself……….
1. If you want release I will give you lower rating and this is how TCS works.
2. You haven’t done any certifications this half yearly, Next time try to improve.
(Our hero would have worked 12 hours shifts everyday for no good)
3. You haven’t contributed anything to the Centre level activities (like dancing or singing !!)
4. We thought of giving you even lower rating, but I argued with top management for this rating for you.
5. You haven’t contributed to Knowmax, PIPs blah blah blah
6. Your rating got reduced in curve fitting which is out of my hand. (As if curve is some indeterminate shape and values in curve are random)
7. You have been given better rating last time, so give chance to others.
8. I made a mistake while giving the values as I was doing it in late night. Please don’t make it as an issue I will compensate next time.
9. Our project doesn’t have money.
10. We will send you to onsite soon.. so your rating doesn’t matter
So take a chill pill and wait for your chance to lead… that’s the destiny
It is a fact that all managers get 4 and 5 i.e. A and B. After this if there are vacancies for A and B, team members are considered. This is mostly because managers are the people who do all the work and also handle all the pressure. Expecting good rating just because you have have worked for long hours is not correct. There is hardly any connection. You have to work smart and not hard. You have to make yourself visible not only within your team but across other teams as well. These things count when rating and bands are decided. It is true that these are finalized by discussion by comparing each and every associate. When low bands are to be given, you get fundas from your manager that you didnt do certification, didnt contribute to know max and all that crap.
Getting D band is criminal in TCS since it has very bad consequences. So fight hard if you are given D.
Absolutely true friend…for my current rating I was given the same comment mentioned in your points 4 and 6 and I have come accross your mentioned points in my eralier projects with this company. All I feel is to quit coz this dialogues and silly behavior of these managers will be there always with this company.
The ideal thing to do the appraisal is to have separate unit curves for associates based on their designations. Now the associates of all designations are tagged under one unit curve (from Consultant to ASE level), the bands are given favour of senior associates (higher designations) with the lower rating given to mostly TM’s who are either ASE or ITA. But, who will bell the HR cat who is the owner of this process?
This system will never be implemented. Any system, which runs for a long time, makes people at the bottom of ladder suffer. Same is with curve fitting.
This is so true. I have been working well and have been given A or B in all my ratings so far in the 7 years of my service in TCS. I have been asking my manager to leave me out of the loop when giving the band for my team members and they seem to never take that. they gave me an A and reduced it for some of my team members even though I requested them to reduce mine and give my team members a better rating (out of 13 of them many of them have not got what I gave them). I am now in the process of running post to pillar trying to increase the band for at least 3 of my team members but I don’t think it will happen. Very sad state but this is what happens every year. Tired of all this non-sense.
TCS is a completely FRAUD AND CHEATER. This also misleading the media by saying that they have paid 150 % VA to employees. Here is the truth.
Actually TCS pays 30 % of their salary as a VA. From this VA, they deduct 20 % (of total VA) and gives cumulatively at the end of quarter. Finally at the end they give 150 % of deducted 20 % VA. Here are some calculations how TCS fools media and investors
If your salary is suppose Rs 100/month
VA component is @ 30% = Rs. 30
Deducted VA @ 20 % of total VA = 30 X 20% = 6 Rs/month
Finally gives 150 % of VA means = 6 X 150% = Rs 9/month
Extra amount paid =9-6= Rs 3
Extra salary received (Rs 3) compared to original (Rs 100) = 3% only
They are cheaters. Gives 3 % extra and says GIVEN 150% VA.
(JUST WAITING FOR GOOD OPPRTUNITY TO QUIT)
—————————————————————-
ASE Band A =13800
ASE Band B = 12600
ASE Band C = 10800
ASE Band D = 8300
————————————————————————
ITA Band A = 26600
ITA Band B = 24000
ITA Band C = 18000
ITA Band D = 12700
——————————————————————-
AST Band A = 37500
AST Band B = 33000
AST Band C = ?
AST Band D = ?
——————————————————————————————–
from where you got these figures? These are old figures … i.e 2 years back .. I guess this time figures will lot less compared to the figures you have posted (but i hope this doesnt happen).
did i say it’s fresh figure i just posted what ppl currently getting,what will be the figure for future only future will tell,so wait and watch….
wrong figures
i get 10080 (& not 10800) as va1 at band B in ASE.
Band for other units are also released ,plz check ur tcs mail:))
Salary Hike in Basic 16% Flat.
Check your Investment declaration Link and caculate your past year PF and current PF,
through PF you can caculate your BASIC amount…
check link
https://justask.ultimatix.net/justask/index.php?action=questiondetail&questionid=94279
can any one tell what is the VA for AST if Band is C.
it will be in 27-29K range.Any AST in this forum please update the ……..band matrix…
Hi,
The bands have been released for all units. My band is ‘B’ .When are the letters expected ?
Reagrds,
ITA Band B.
What about the disagreement button in Speed. What happens when an employee disagree?
no dog will talk about it. the case will be hard closed in few weeks.
Well band disagreement is a process but nobody will hear about your disagreement..
If they(read utter fools) agree to you then they are held responsible becoz they are changing there own judgement.
Last year I was in the same loop as I asked for VERY HARD release from the VERY VERY VERY GREAT ACCOUNT(You know what I am talking abt in BFS1) so give Band D but 6 months back I got confirmed with a rating of 5..
Just becoz I asked for release I got that.. I sent at least 15 different mails to at leaset 5-6 levels up then they called me and gave me non sense reason..My PM told me that delivery manager did the D Band..
PM was saying release is always associated with D
During my Band disagreement even account manager told me that becoz of me they lost an upcoming project requiring 100 people HAHAHAHAHAHAHA.. the reality was I was the 4 of them selected out of the presented 20 people to the client…
Anyway I got out of the worst account and now my Band is D
One more thing HRs are not required in TCS as they are only there.. just there.. NO VALUE ADD except to ……you know
Soory just to update my current band is B and not D as wrongly mentioned
m an ITA – IPF-4.38, Band C..
At the moment,my VA is as per ITA’s band Afigure…
Does that mean that my package will go down???
Isn’t there anything called global hike in TCS???
no it’s not necessary
Scenario 1: if there is no change in basic then as per current band salary can go up/down
e.g. current monthly salary of an ITA @ band A—-7.5
Salary of an ITA with basic change but band C-7.1
e.g. current monthly salary of an ITA @ band B—-7.5
Salary of an ITA with basic change but band A-7.7
Scenario 2: if there is a change in basic salary then overall change in salary but because of Band and corresponding change in VA total change will be -ve/+ve
e.g. current monthly salary of an ITA @ band A—-7.5
Salary of an ITA with basic change but band C-7.3
e.g. current monthly salary of an ITA @ band C—-7.5
Salary of an ITA with basic change but band A-7.8
please ignore previous msg
no it’s not necessary
Scenario 1: if there is no change in basic then as per current band salary can go up/down
e.g. current monthly salary of an ITA @ band A—-7.5
Salary of an ITA with no basic change but band C-7.1
e.g. current monthly salary of an ITA @ band B—-7.5
Salary of an ITA with no basic change but band A-7.7
Scenario 2: if there is a change in basic salary then overall change in salary but because of Band and corresponding change in VA total change will be -ve/+ve
e.g. current monthly salary of an ITA @ band A—-7.5
Salary of an ITA with basic change but band C-7.3
e.g. current monthly salary of an ITA @ band C—-7.5
Salary of an ITA with basic change but band A-7.8
Hi All ,
Got a Band B . InFact I was a bit surprised with this bcaz , though my performance was very good ( truth
), i was asking fr a release . So thought i would a easy target fr fixing the low numbers .
Lets hope that we get a good actual increment rather than the 150% VA which is announced always.
But does anyone knw if the SBI is linked to EAP and are they going to give it along with increment ???
My first year ASE T got D, as ASE got 3 C’s till now, total exp aroud 4 yrs 1 months, Am i eligible for promotion. I couldnot fnd the latest promotion document.
You will need to wait one extra year …
how much is VA1 + VA2 for ITA Band B?
24000
its 22000 (VA1 = 17600 , VA2 = 4400).
Can anyone tell me the VA for ASOC for Band B
VA for ASOC with Band B is 38000 for Band C it is 30000 and Band D and E is 0 Rs.
very few ASSOC or above exist in tcs who gets band D. Band D is mainly for the junior resources. If u compare the statistic of band D across the designation, the percentage will be higher at the bottom. This is not fair.
I joined TCS in feb 2008 at a expeirence of 1.8 years, now in ultimatix my experiance shows 3.95 years , would i be eligible of the June cycle promotions.
I was confirmed with band B and now I have band C .
your salary will go down. Try to find job outside. lot of opportunities are available outside
There is a flat 16.67% hike in basic pay, we came to know after we calculated it from my old pf(available in old payslip) with that of new pf (availabel in investment declaration page). Calculate and find. It worked for a lot of people in my account. Confirm if it works for any of you folks.
I checked after reading the above message…
yes the same calculation holds true for me as well.. though there is very slight variance as in my case it is 17.06% so I would say a flat hike of 16% is definitely there..
When our letters are expected…I am in US on long term onsite assignment so no effect for now but it will be interesting to see if they can keep my total compensation near to what I was getting in Mar 2009 hehehehehehe
Well you might’ve got promoted in this year, which might’ve adjusted ur PF in your previous salary that is the reason for variance. Well I’m also in US on long term assignment so we can only get interest in c’ing the numbers. Well I’m waiting for some numbers (if at all there exists any) as I’m waiting for hike for the past 3yrs.
I also checked my investment declaration it is around 28% basic increase, so overall it will be 35-40% hike in basic components so it comes around 1.5 months salary, I am ASE- I think for ITA AST and above it will be 50%, enjoy!!!!!!!!!!!!!!
I’m an AST for the past 3yrs, Overall for everyone it is 16.67% flat hike in the basic salary, in my account I checked with few who are ASE, ITA, AST for all of them it is flat 16%. we don’t know How much would be the variable pay as it constitutes more than 40-50% of the entire salary, so keep ur fingers crossed or have an alternative (other offers) to talk to the deaf people in HR & mgmt.
I am an ITA and my basic is 14000….I am not sure how you people come to cnclusion of 16% hike..AS per my basic it is 3.5% only..Here is the calculation:
Total year PF- 20880
Per month PF- 1740
Monthly PF= 12% of monthly baic
So basic will be 14500
14500 * 12%= 1740
So, increase in basic is only 500 i.e, 3.5%
Plz clarify
your yearly pf is 20880, ur new yearly pf is available in investment declaration page say it as “x” so %rise in pf is x-20880/20880 which will give 16%, that will be the same % of hike in ur basic, calculate ur new basic based on this %. I hope you got what I’m trying to say.
At the time of promotion was there any change in your basic then might be ur basic won’t be increased by 16% as in my case there was no change in basic so as per investment declaration it has benn increased by 16%…..
I think you have become ITA in Jan and not in July. I guess employees who have become ITA in July have their basic increased by 16-20%. Those who have become in Jan dont have this big increase.
infact i can also see the same flat annual increase in basic, but what about the benefits of promotions, where they are…??? only in terms of increasing responsibilities but not in salary ?
As per my new PF contribution in investment declaration it’s 3.5% inc in basic only not 16%..Yes I got promoted to ITA in Jan’10…….Does every ITA who were promoted long long back get same increament of 16% ?….If yes then why there is difference in ITA level basic increament?….I was supposed to be promoted 1 year back….TCS delayed the promotion. I think TCS didn’t change its attitude…..Anyway I lost couple of months for this below industry std increament…I promise I will leave TCS within 3 months max….
Hi, I still cant understand where you guys are able to see the ‘new investment declaration’ page. Is it only visible for india associates? I am currently at onsite. Got promoted to AST in january with a hefty Rs100 increment in basic salary per month.
In my payslip, i see only two amounts:
March PF Contribution 24,372.00
Jan PF Contribution 24,336.00.
Basic got increased from 16,900 to 17,000.
Can somebody show me some light where to see the ‘new investment declaration section is?
I checked in the ESS investment declaration as well and could not find anything there either.
I am not sure what are you talking about. How there can be any increase in PF only. I got promoted and got only 100 rs increase in basic .How this can increase pf so ridiculuously. Could anybody explain where are you looking for this informaiton and how you are calculating this .What months payslips you are comparing ?
check your last months (feb-10) salary, and find the total PF components in the “PF Contribution” field. and after this find your new pf in the investment declation page ( it is the new one for this year), compare these two and find out the %increase in PF …the same %increase will be there in the basic and pf is directly proportional to your basic…..
hope it may be helpful…
check your last months (Mar-10) salary, and find the total PF components in the “PF Contribution” field. and after this find your new pf in the investment declation page ( it is the new one for this year), compare these two and find out the %increase in PF …the same %increase will be there in the basic and pf is directly proportional to your basic…..
hope it may be helpful…
Unfortunately I got 5.8 percent increment in basic as per calculation explained by others. despite promotion and good rating it is pathetic to see this number.
Good luck to all you guys who got big hike.
rise is 16.67 % basic, if all components considered min 28% rise in basic components. example if your basic is 14000 total increase excluding VA ( we never know this) is 14000*28%=3920 p.m. ais kro juniours i will suck your salary in bands hahahhahahahhahahhahahahhahahahhahahahahhah i am the managerhahahahhahahahhahahahah
What happens to those who lost 1 year during promotions , those whose promotions was initiated in June 2008 and got promoted in july 2009. How will TCS compensate that?
Are you seriously looking for an answer?
TCS middle management (PL to account head.).So many PL,PM and GL are in TCS appreciated by good and after loosing project due to their fault.Their will not even give u good rating.They r siting idle and will raise so many claims interms of customer intertenment and other struff.Example Mr. Maneesh Baheti,Mr. Rajendra pipari and his team TCS HYDERABAD. TTSL accoount.
I got promoted in Dec 2009 as AST and I need information about my salary hike. How much percetange my basis salary will be increased if I get band c and whether my VA will be increased to AST slap after band release.
I also got promoted with you in same grade.I got peanuts in my basic hike..not sure about you. Check as explained by others and you will know.
What happens to those who lost 1 year during promotions , those whose promotions was initiated in June 2008 and got promoted in july 2009. How will TCS compensate that? yes seriously looking for answer , experiance uncertainity
Nothing will happen. Brother/Sister, you are a looser. Try to find job outside and change your job. in fact, you have lost 2 years of VA.
do anyone have any ideas if there is change of 16% in basic what will be the overall hike as corresponding special allowance%,HRA%….blah blah…
New Pay SLIP:
Increased
Basic sal = x
HRA = 50% X
PF = 12 % X
LTA= 8.33% X
Gratuity= 4.78%X
PA–45.7%X
Please update /correct if i missed anything…..
As per my understanding PA is not linked as a percentage of Basic.My PA is 27.6% of Basic. Change if any in PA will be visible only in Compensation letter
As per above calculation ,for an ITA Band B , with current VA (24K) pkg ll b 7.55 L % ???
I heard that one of my friend who is still ASE got 25% hike in basic from 12000 to 15000 according to Investment declaration….But I got promoted to ITA in Jan’10 will get 14500 after 3.5% inc accroding to the Investement declaration….How ASE Basic can be greater than the ITA?
that is possible. After promotion ITA basic was 14000, Few ase had higher basic than this
True. Even I see that my PF and Basic have been hiked by 24%. But I just calculated my new annual CTC and found that it is hiked by 12% which aligns with what mgmt mentioned in the press.
* I counted my 24% hike to Basic, HRA, PF and LTA.
* My VA was not increased after my promotion this year. I counted the eligible VA as per the matrix.
puhleeze.can we stop fantasizing about 16 or 20% hikes?. these numbers are outrageous even in good times,let alone -a hike for an year coming out of a recession . the super optimistic investment declaration could be totally random. there is no historical possibility of an across the board 16% hike.
No, YOU’RE WRONG. The above calculation is only the hike in Basic and basic related components. Even if you see a 25% hike in Basic, the related components – HRA, PF and LTA will increase. But your gross will only increase by 8% – 5 to 10K per month.
So, the chances are HIGH that the Investment declaration gives the updated Hike numbers. The hike in VA amount is still unknown.
YOU need to do your math better.with a 25% hike in basic,the HRA,PF,LTA etc are increased in direct proportion. it is only the VA which is not linked to basic.even the mysterious ‘Personal allowance’ is somehow linked to basic.not sure what the magic formula for it is,however. even with a more-believable increase of 10% in VA, the increase would be not less than 15%.
i think there is a good chance of atleast 10% hike in VA .there already have been signals about this in the last two quarters which TCS paid extra VA .i would not be surprised if there is some additional VA even for the just concluded final quarter.
Guys,
Your basic is also related to how many years you spend in TCS and your previous year Ratings (most won’t believe but it’s true ).I have been with TCS for the past 8 yrs and according to new investment declarations by Basic is 25,500 which is a cool 30% hike for me .Same thing happened last time they revamped the Basic..i got 30% hike in Basic .I am in A band for the past 6 yrs and the was in 4 before.(the first two yrs).
30% hike – Wow !!!
What is your current designation?
30% wow.really good hike for you.It never happened for me,I have been in A and B bands from past 5 yrs.
Guys,
I heard that TCS is also planning a hike for onsite employees in North America this year. Do any of you have similar info?
Hi ,
Any idea wat woub be the VA per month for ITA?
Sorry VA for an ITA with B band
plz read prev cmnts Band_Matrix
I am eagerly waiting for hike letters ,to see how much hike we get this time.But I am not sure why our management will be so diplamatic and they never recognize hard working people though they know who are hard working.Its proved always smart working people will be given good bands.
One quick suggestion – Henceforth One to one with 10 offer letters in Hand…:P
Hello,
Can anyone decrypt this PF story? My PF contribution is being shown as 20880 while my colleague’s contribution is being shown as 22896. We both got promoted in January 2010. The difference between us is that she has joined TCS in July 2004 and I joined in November 2004.
Thanks!
May be ur basic pays are different
can any one please tell what is the VA for AST if Band is C.
plz read prev cmnts Band_Matrix
This will be an absolute rumour. Company cannot and will not give 25% increase in BASIC. It could be an error in the investment declaration form which will be auto-rectified few days later..who knows…dont jump to conclusions and increase your hope. prepare well for your interviews and get offers in hand..
if we have offers in hand, is TCS going to increase our pay?I dont think so.the ultimate solution is to shift the company.
Guys,
Check your PF value in your investment declaration form. Its zero.. Ultimatix ESS is awake and to shut all speculations, they have removed…..
never dream too much….wake up… there will be only a marginal increment for ASEs adn ITAs adn ASTs..
Is there any ASE with D band…. is there any update what much we r going to loose….
is there anyone having update on this????
can anyone tell me how much would be the hike of CTC/VA/Basic/Any_other if one gets a band A now?.
Also for other bands too…
PF calculation seems to be not true..
Currently in Ultimatix it’s value is being shown as a Big Zero so please don’t get carried away with this innovative methods and let’s wait for the letters to come
Any idea when they will give link to the compensation letter( can’t be termed as Hike letter becoz if you band got reduced especially ‘D’ then you will understand later what I mean).
Hi,
To be fair to the guys who have posted about PF increase I saw the actual value > It got big zero this morning itself. Also people in forums have received different hikes so it could be true.
Also Ultimatix is a funny system, I got promoted to ITA for a couple of hours and then again I became ASE for three days and again ITA.
Seems Ultimatix team does not have a staging server .All the testing is done on production
.
Hi,
Any idea when the VA slab will be revised for those who got promoted in Jan, 2010.
Any idea when new compensation package for 2010 will be available in ultimatix.
Waiting eagerly for my salary hike..
Will be switching my job within next three months…
U better switch ur job with immediate effect…TCS could do without ppl like u!!
@Steve
Wait for the increment letter, so that he can get a better offer letter.
He is not as dumb as you
Steve fuck off man…
if you are in TCS don’t expect surprises(like hike’s and promotions).
u will never get it.
but if you compare with your peers in other compy’s u will not be in TCS
Today I had a talk with finance…They confirmed that there was fault in batch job which caused this unexpected PF contribution. Correct Batch will be run soon after increament letter disclosed. So, thosw who were happy seeing 30% hike, plz don;t expect too much..your salar hike might be only 3%…
..Experience Uncertainty
Don’t spread these rumors… Or if you did talk to the FInance guy, probably he may be wrong.
Understand the facts:-
1.The 16% to 25% (for some, it is as little as 3%) need not be assumed as Hike. This is a “Basic Slab normalization” exercise that TCS does every 4 to 5 years. You can check with people who have been in the company for quite some time.
2. What it means? You might notice that few ITA are earning a basic salary of close to 19K where as few more ITAs are getting only 14 to 15K as Basic. Similarly, some ASTs get up to 24K and some only get 17K.
3. TCS will do this slab revision exercise to increase the basic of the employees who are well below the slabs – hence you see 16 to 25% basic increase. If they already above or around the slab, they might not get such a huge increase like others (they’re getting more already) – hence the 3%.
HAVING SAID ALL THESE, SHOULD I MENTION THAT THE PF AMOUNT REFLECTED IN ESS THIS MORNING IS TRUE?
I got this confirmed with a HR associate also…
Absolutely you are right .I have witnessed these slab revisions
What Frustrasted says is right… @Unknown – Your name well depicts your knowledge level.
I have gone through this slab revision exercise twice in my TCS career already. Most likely it is happening again this year, as it last happened in 2006 (if I’m wrong, then it may be in 2005).
And again, to reemphasise what he said, this is not a hike – it is a basic slab revision. Even if you get a hike of 25% in basic, your CTC will not increase by more than 6 to 8% which is not a massive hike as people think it is. Think about the inflation… TCS just wants to give 5K more for few ASEs, 9K more for few ITAs, 13K more for few ASTs through this revision…
For others who got just 3%, don’t worry. Your basic is already up to the mark. Keep your fingers crossed for VA hike and Personal allowance changes.
True, true, true. I will quote what the HR person told me… (Thankfully he is a good friend of mine and he was open enough to say this)
“I’ve been asked about this for the whole day today. People just couldn’t believe the number 16%. 1.) What they don’t understand it is only a basic increase of 16% which will lead to 40K to 1L increase in the CTC. 2.) After 2 years of Stop-hike, people just feel amazed at this percentage. People are just carried away with the percentage not knowing that this is just peanuts compared with your CTC. 3.) TCS has somehow lowered everyone’s expectations. People are accepting whatever they get – or even if they don’t get. And they are surprised when someone says they get a basic hike of 16% not knowing or understanding the actual increase this will result to your takehome.”
Grow up guys… Understand your value and don’t underestimate yourself. DO compare your payslips with other’s in the same grade and you’ll see some huge differences in Basics which will be addressed by this. Other than that – this will not fatten your wallet much, unless they also increase VAs.
In tcs hr doesn’t know anything….anyway I am 200% sure that PF contribution was displayed wrongly….actual PF contribution will come very soon….then I want a reply from Mr FrustASTed and Mr E=MC2
As if your Finance guy knows everything… Even if there is a batch job that populated the PF, be advised that it is not your finance friend who ran that. It happens at corporate and finance will not know a clue about it; all the local finance guys do is to verify and approve ESS claims. They don’t know a thing more than that…
Having said all these, why do you still think that you got a massive hike and argue it is too good to be true? This is just an ordinary increase which is 100% right.
I dont know exactly what that pf contribution in investment declaration.I though that PF is the amount which gets deducted from our basic pay(12%) my basic is 14000.I got promotred as ITA in jan 2010.But suddenly when i watch my investment declaration y’day ,PF contrbution on on 5/04/2010 is rs 29320.Any idea what does that mean?
That means that your PF Contribution for the coming year is assessed at 29320 which is (29320/12=2443 per month). If 2443 is the contribution per month, it is also 12% of your basic. So if x is your basic, 12% of x should now come to 2443 as per the new PF contribution. This comes to Rs 20400 (12% of whic his 2443).
Although all the discussions above seem to be correct, but in your case it looks like the basic is hiked by 45% or so.
Yes, I calculated my basic is increasing by 3K, which will result in a max of 5K (considering HRA and LTA). This 5K-a-month hike is no good compared with the hiked inflation, hiked canteen prices, hiked company transport, etc.
People can say whatever they want – 16.66% or 24.99% but how much more can I take home is what matters end of the day and it sure cannot beat the inflation of the past 2 years.
true.but why blame TCS for that.your own elected govt has created the inflation with bogus stimulus packages to preferred exporters and fraudulent wastes like NREGA
one more point I want to give you some facts which proved that pf data was wrong….
One person who got promotion from ASE to ITA this jan’10 got PF= 72000
So. basic will come around= 54000….where as I got PF=20880 only with same grade and promoted in same time jan’10…My Basci is 145000…
So. is the data corret my friend???
Another persion who got promoted in july,09….pf=18000..his basic is then =14000….
is this data correct mmy friend???
plz reply otherwise shut up ur mouth…..
don’t spread speculation….first understand then make comment…
Hey ..Wat calclation is this..Looks like a BS
Hey wat calculation is this…looks like a BS
I’m sorry – but your logic, data and attitude are just Bull Shit…
Dear, PF is always 12% of your basic. Its generally not more than that.
Nonsense.your ‘friend’ imaginary or otherwise is definitely contributing towards VPF. the contribution is carried forward in the next year by default. this is pretty common.i know of many people who contribute 50% of their basic to VPF directly