it company

IT company Coforge has received income tax demand notice of around Rs 122 crore comprising tax demand of Rs 97.97 crore and interest liability of Rs 23.79 crore, the company said in a regulatory filing on Thursday. The notice was received by the company on December 20. Coforge mentioned that it has received a "total tax demand of Rs 97,97,99,720 (including interest liability of Rs 23,79,49,419)". Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in…

India's top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at U.S. and European clients who are bracing for a recession will sharply hit their own profits after a pandemic-led boom. Infosys Ltd, India's second-biggest IT company, and smaller rival Wipro recently told their employees they had reduced the variable pay portion of employee compensations, according to respective internal emails sent by management to staff at the two companies and seen by Reuters. Some Indian companies…