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The TCS BPS (Business Process Services) division had revenues of US$1.44 billion in FY 2012–13, which was 12.5% of the total revenue of TCS. [88] [89] TCS BPS has more than 45,000 employees who serve over 225 million customers across 11 countries. The rate of attrition in the BPS division during the financial year 2012–13 was 19.5%. [90]
Reducing the earlier six payable slabs for computing individual income tax to five in the New Tax Regime, the Finance Minister proposed higher threshold limit of ₹3 lakh from existing ₹2.5 lakh for taxpayers. [17] new Slab The implementation of improved limits in tax slabs is said to provide significant relief to taxpayers under the new regime.
TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks. [ 2 ] It includes functions for universal banking , core banking , payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations.
Tata Research Development and Design Centre (TRDDC) is a software research centre in Pune, India, established by Tata Group's TCS in 1981. TRDDC undertakes research in Machine Learning, Software Engineering, Process Engineering and Systems Research.
Treating a month as 30 days and a year as 360 days was devised for its ease of calculation by hand compared with manually calculating the actual days between two dates. Also, because 360 is highly factorable, payment frequencies of semi-annual and quarterly and monthly will be 180, 90, and 30 days of a 360-day year, meaning the payment amount ...
All eyes are on the first Social Security payments of 2023, in which the record-breaking cost of living adjustment (COLA) will start to be reflected in the checks of 66 million beneficiaries.
The slab allocation algorithm defines the following terms: Cache: cache represents a small amount of very fast memory. A cache is a storage for a specific type of object, such as semaphores, process descriptors, file objects, etc. Slab: slab represents a contiguous piece of memory, usually made of several virtually contiguous pages. The slab is ...
In 2014, M. A. Mannan, a banker by profession, was appointed as CEO of TCS. [1] During his tenure, TCS introduced two new business lines: TCS Hazir, a one-hour delivery service, and Yayvo, an e-commerce platform aimed to compete with Daraz.pk. [1] He also negotiated with lenders to remove personal guarantees from company loans and utilized TCS ...