TCS awards 5-8% pay hikes in FY26

India’s largest IT employer Tata Consultancy Services (TCS) has awarded 5-8% average pay hikes for FY26 while also restructuring salaries to comply with the new labour codes.

“In line with the announcement made during our Q4 earnings, we have rolled out annual increments to eligible employees,” TCS said. “Additionally, we have completed the restructuring of compensation for all our India-based employees to align with the new labour codes.”