Tax is calculated on your annual income. Will be deducted on whatever bracket you fall into

Recruiter

Welcome to Salary Discussion's Private Community

Tax on Joining Bonus

Tax on Joining Bonus- Grapevine

Welcome to Personal Finance's Private Community

I recently received a 1L joining bonus for relocation. May I know if this is a taxable income? 

My company didn't peform a TDS and provided me the entire 1L. Do I have to pay tax while filing returns?

Data Analyst

Hi All,
  I switched to a new company last year and because of penalty clause, my joining bonus is deducted from the f&f settlement of the previous company. The issue is in my form 16 they have included it in my total earnings. Now my old employer is not correcting it. Whats the way forward? Can i correct it while filing ITR?

Joining bonus recovery - ITR

Strategy & Operations

Welcome to IT Company Discussion's Private Community

Hi folks, can anyone please shed some light on joining bonus. Whats the benefits of joining bonus? Is it really beneficial? Or companies just using it to play with our minds? 
Any comment will be helpful. Thanks

Joining bonus

Team Lead

Welcome to Software Engineers's Private Community

Let’s say I leave a company after 2 months. What would happen if I don’t return their joining bonus.

They have a clause in offer letter that says I should return the amount if I leave before a year.

Not returning joining bonus

Software Engineer

Welcome to Product Managers's Private Community

I got to know that budget for the role i interviewed is in range of 20-25 LPA. My last drawn salary itself is lower than the market standards. The company wouldn't give hike more than 30% considering my experience in the role domain. But I have performed well in all my interview rounds. 
Any tips from the community to negotiate for atleast the lower band of their budget?

Salary negotiation

Marketing Manager

I got salary of 250000 in April which includes bonus + leave encashment around 90k, for which there was a 50k income tax cut for this month. HR said since bonus was more, they had to deduct 50k. Is this how it is usually done? Is that amount justified?

Income tax cut for bonus

Growth Manager

CTC - 21.5 lpa
Fixed - 16 lpa
Joining Bonus - 4 
Relocation - 1.5 

Also tell me which regime to follow and how to save tax

Wanted to know tax on my salary

Does anyone have a range or any numbers for Staff SWE compensation at Okta India? Can't find much data online

Okta Staff Engineer compensation

Software Developer

I joined last year in November as a Senior Associate in KPMG Tax. What bonus and hike can I anticipate if I have 3 rating

Senior Associate

I recently got a job offer at a well-funded remote startup headquartered in the US as a DevOps engineer. They adjust the salary package to account for the country so I won't be earning in crores... but I wanted to ask people who are in remote positions as to how to negotiate a salary that will be rigid more or less,no options are there to negotiate till a super high margin (maybe 10% max).

For example, they are offering 33 LPA currently, does that put me in a higher tax bracket and can I negotiate for a lower compensation so that I can be put in a lower tax bracket, say I ask for 29 LPA and ask for a joining bonus (or HRA) or some restructuring to do that? 

I don't understand how taxes work in India especially with remote payments but I'm hoping someone can offer the right guidance and resources so that I can look into this in depth later on as well. This is my first ever job and I got it straight out of college, so I do not mind even if they are paying me less than their US counterparts. This salary is more than enough to survive in a tier 2 city (will be shifting back to live with my parents).

I don't have much investments right nos, just a couple of FDs and some equity + debt funds along with stocks (mostly banks + chemical companies here and there). I can look into ELSS funds and what not if that can save up some taxes. I am considering talking to a CA about this too.

(Note: not comfortable with naming it even if this is an anonymous platform because it has like a strength of 50 and I feel it is irrelevant to the discussion).

TIA!

Tax savings and salary question for remote jobs

Scrum Master

For some reason Oracle increased it to 35.9%.

What's the RSU taxation percentage in your company?

CA here. In case anybody has any query regarding Income-tax return filing, can comment below. Will try to help you out as much as possible.

Income- tax Return

How to return the joining bonus? If we leave a company before the mentioned time period in an offer letter? Do they cut from salary ? Or do we have to return explicitly?
I joined Accenture a few days back but not liking the project here and they are not even allowing me to change the project, so now the only way remaining is to change the company.
If anyone has any idea regarding returning joining bonus please guide/comment.

Returning joining bonus

How much joining bonus does Accenture provide? What is it based on? Role, location?

Tax on Joining Bonus

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