I have recently joined TCS, any idea when QVA will be released and what is the usual %age. Level- BPO3.

You will get 100%

The QVA is typically released quarterly, corresponding to the end of each financial quarter. While the exact date can vary, the payout is generally released in the months following the end of the quarter:
Quarter 1 (April–June): Payout usually in July. Quarter 2 (July–September): Payout usually in October.
Quarter 3 (October–December): Payout usually in January.
Quarter 4 (January–March): Payout usually in April or May.

Usual Percentage Payout for BPO3 Your grade, BPO3, generally falls within the categories that TCS refers to as junior grades (usually up to C2 or equivalent grades).
Percentage: Employees in the junior grades (including equivalent levels like BPO3) have historically been more likely to receive a 100% QVA payout compared to senior staff.

When you have joined TCS? What percentage of your CTC is part of QVA?