TCS brave US fee hike; Says it is not a big problem

The increase in the fee of the H1B visa is not a big problem, says Tata Consultancy Services. This is because, companies like the TCS have resorted to creating back up plans in the form of perfect development models that can be used to mitigate the effects of the change that have been implemented recently. The chief executive, who also plays the role of a managing director, says that it is more an issue related to cost than revenue. In his opinion, knowing the impact of this hike in price has given them an opportunity to be well prepared to deal with the consequences. He has declared that he has not one but multiple ways to deal with this change, which he does not consider as a problem at all. According to the 9/11 Health and Compensation Act, there is special fee of US$ 4,000 imposed on some categories of the H1B visa. Once the next session of the H1B visas begin, it will require all the IT companies to pay nothing less than US$ 8000 to US$ 10,000 from the 1st of April this year. It has made the whole situation very unstable. The increase is the direct result of a series of fees that have been included in the H1B visa over a period of 10 years that have passed. Originally the fee for this visa is US$ 325. The Indian government has been in talks with the United States of America in this regard. It is being expected that this change in the fee of the H1B visa, will bring about an impact of US$ 400 million to the IT sector of the country on the whole. The corresponding result has been a relook at current clients’ processing fee. The best way to counter the change is to increase their fees, say many investors. And since the free hike is high, it is expected that the process fee hike by companies like TCS will reflect as such too. For more news updates on changes in the world of immigration, subscribe to our newsletter at y-axis.com