TCS Confidential
Ref: TCS/2024-25/CC-C3A/456197
April 18, 2024
Ms. Nidhi Srivastava
New Delhi
Dear Nidhi Srivastava,
I would like to take this opportunity to thank you for your contribution over the past year. It is important
that we come together at the workplace to collaborate and benefit by learning from each other, imbibe
the TCS way and work to build a career, whilst staying relevant to our customers. The shared
experiences gained at the workplace are very important to nurture camaraderie and build stronger
professional bonds. I sincerely look forward to your participation in our journey towards creating greater
futures together.
I am pleased to share with you the revised Annual Compensation, effective April 01, 2024. Your India
Annual Compensation is Rs. 10,59,348/-. The details of your compensation and related benefits are
enclosed in the Annexure to this letter.
Please note, that the above details are specific to India and are subject to change in case of long-term
deputation on international assignments, if any.
Going forward, compliance to the work from office mandate will be reviewed every quarter and non-
compliance will result in an impact on the performance bonus, performance band, compensation and
career progression as per the TCS India Policy - Working Hours, TCS India (BPS) Policy – Working
Hours and the TCS India Guideline – Work from Office Non-Compliance (Refer Ultimatix – Employee
Services - HR Policy Hub).
I encourage you to speak to your Manager / Business Unit Head or your HR Business Partner in case
you need any clarification or discussion.
I look forward to your continued support and commitment in our journey together.
Warm Regards,
Milind Lakkad
Chief Human Resources Officer
TCS Confidential
Ref: TCS/2024-25/CC-C3A/456197
ANNEXURE
The details of your India compensation and benefits are given below. The CTC and its components are subject to
review and change, based on the prevailing regulatory framework. Taxation will be governed by the Income Tax
rules and the Company will be deducting tax at source as applicable.
COMPONENT CATEGORY ANNUAL
BASIC SALARY 2,79,600
BOUQUET OF BENEFITS* 5,04,272
CITY ALLOWANCE# 32,400
RETIRALS
Provident Fund 33,552
Gratuity 13,449
PERFORMANCE PAY**
Monthly Performance Pay$$ 75,600
Performance Bonus*** 1,06,800
TOTAL SALARY 10,45,673
INSURANCE
Health Insurance@ 13,675
CTC 10,59,348
Afterlife Benefit$ 4,068
* Bouquet of Benefits includes Personal Allowance which is not grade linked and does not accrue automatically.
Personal allowance is subject to review and may change or be adjusted against other emoluments at a later date.
Refer to Table 2 for TCS Defined Structure.
#City Allowance is specific to India and is linked to base location. It will be discontinued while on international
assignment. This allowance is subject to review.
** Performance Pay is in lieu of statutory profit bonus.
$$ Monthly Performance Pay is based on your individual performance.
*** Performance Bonus is based on your individual, Unit and Company performance and other organizational
imperatives as communicated from time to time. It will be paid quarterly and is subject to being active on the
company rolls on the date of announcement.
@ Premium for Health Insurance Scheme for self and dependants borne by TCS.
$ Cost for the Afterlife Benefit is borne by TCS. The sum payable to nominee(s) is six times the annual
compensation (CTC) with a minimum payout of Rs. 23 Lakhs. For details, please refer to the policy on Afterlife
Benefit.
TCS Confidential
Ref: TCS/2024-25/CC-C3A/456197
ANNEXURE
Table 2: TCS defined structure for Bouquet of Benefits
COMPONENT CATEGORY ANNUAL
House Rent Allowance 1,95,720
Leave Travel Allowance 23,300
Food Card Allowance 30,000
Communication Allowance 4,920
Vehicle Maintenance Allowance 18,000
Personal Allowance 2,32,332
BOUQUET OF BENEFITS 5,04,272
To design your Bouquet of Benefits, access the Link to BoB in the Global Employee Self Service in
Ultimatix.
