What is bond amount in TCS?

Currently , the bond period in tcs is 1 year. Your bond is over 1 year after you join (be it as a fresher or experienced person). If you leave during the time the bond exists , you have to pay 50000 rupees (in india).

Is bond legally valid in India?

Indian law mandates the employment bonds to be “reasonable” in order to be valid. The term reasonable remains undefined anywhere in the Indian law and therefore the courts have given meaning to “reasonable” depending upon the facts and circumstances of the cases.

Is bond for job legal in India?

Employment bond or contract period is one such crucial element. Forcing new entrants into a bond period is not legal and the validity of employment bonds can be challenged on the basis of Section 27 of the Indian Contract Act.

What happens if you leave TCS after 2 months of ILP?

There was a guy who left TCS after 2 months of ILP Trivandrum and told in front of HR that he won’t pay single money, if they want they can sue him. To which HR replied laughingly they have more important work than this. That’s their protocol to track them until some time and ask them for the bond money.

What is the bond period for leaving TCS?

The amount of credit is determined by a combination of you(Continue reading) The bond period is 2 years. If you want to leave TCS , then pay 50k + serve three months notice period. Pay 50k+ 3 months basic salary. ( Depends on your manager and HR)

What is the bond amount in TCS for forced labour?

Before joining, TCS had made me sign the bond (legal stamp papers). Bond amount was Rs. 50000. I know there is no law in india which favors forced labour but once you have signed the bond (legal stamp paper) then in any case you will have to pay the bond amount.

What if I don’t want to pay bond money to TCS?

If you don’t want to pay bond money there is one option for you i.e. abscond. Being absconded implies you stop attending office for a fixed duration of time without giving any prior notice. TCS will assume your disinterest and will terminate you from your position. But there are some things you should know when you abscond-

https://www.youtube.com/watch?v=cnad22jGWIk