Updated Jan 11, 2021 | 13:17 IST As per TCS employees, while the 100 percent variable pay is not uncommon, it is, however, not usually across the board. Also, it is usually 50-60 percent Late New Year's gift for TCS employees! IT major pays 100% variable pay after blockbuster Q3 results New Delhi: Tata Consultancy Services employees just received their late new year gift as India’s largest IT services provider rolled out 100 percent variable pay for the quarter ending December 2020 after its stellar results. Note that TCS gives QVA based on its quarterly performance. TCS' operating margins expanded by 40bps QOQ to 26.6%. This is the highest operating margin in five years and most importantly, the margins expanded despite salary hikes being rolled out since October 2020. Milind Lakkad, Chief Human Resources, TCS, in a note to employees, said, “We will be paying 100% of the Quarterly Variable Allowance (QVA) this quarter (Q3) for all grades applicable under this plan.”