Will we get arrears in Sept month salary that are supposed to be due from April because of late hikes?????
It is clearly mentioned that the hike is effective from 1st September. Still people don't get it
Cause according to labour reforms a hike may happen in any month during a financial year but it will be counted from April and hence arrears will come for the back months.
Keep dreaming and lurking in tcs
stop dreaming
Do u think TCS management is dumb in this matter? If they give you arrears then what is the point of delaying hike?
Salary Components Under Wage Code: Basic Pay, DA, HRA, Bonus, Overtime and statutory deductions (PF And Gratuity) under the New Wage Code salary structure , it has been made mandatory that 50% of the total compensation should include basic pay (which will also influence take home salary as well as employer contributions).
Is the company following this? If not, it won't follow any other rules which will benefit employees.
Salary hike is effective 1st September
No
No.
