After TCS, Infosys announces salary hikes as sector overcomes pandemic

Hike will be effective from January 1 next year, quantum to be similar like last year

It seems to be the season of salary hikes in the Indian IT sector. After Tata Consultancy Services (TCS), India’s second largest IT services company, Infosys, too, has decided to offer hikes to its employees. 

The increased pay, along with promotions for some, would be effective from January 1, 2022, which is the financial year’s third quarter for the Bengaluru-based company. 

“The quantum of increase will be identical to what we have done in the previous years,” said U B Pravin Rao, Infosys chief operating officer. In FY20, the average wage hikes for Infosys’ employees in India was around six per cent,