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?
Yes. They will deduct taxes. Everything you receive from company is taxable
Yes I know it is taxable, I am asking it 50 k deduction for 1 month is really valid? This is despite making all investment declaration
Yes sometimes companies deduct more tax than calculated. You can ask Accounts team why they have deducted, if they had deducted more you can convince them to deduct lesser tax from next month. Most of them expect us to recover the extra money via ITR.
Last FY year they have deducted 1.5L extra tax in my company even though I provided all proofs of investment initially.
Sometimes our company exaggerates basic perks, Are any such good perks applicable in your current company?
Razorpay: MacBook For Evryone Meesho: Work from Anywhere
Also, Pet sick leave etc
Zomato: 0 Days Notice Period
Amazon : free headaches for everyone 😋
The best perk: A whole lot of in-hand salary 😄
Alert: a rant post
Today I saw my payslip after a long time and WTH! I don't know what they'll take once bonus comes in. Paying this much for no water, bad air, corrupt babus and all those douche things.
As much as patriotic I am, ...
Earning around 50 lpa at 24 is already a great feat. Still if u want to look at the dark side, nobody can help. This ...
Look on the bright side, you pay more taxes than Adani!
Peak r/humblebrag material.
I just resigned from my current job and the HR has asked me for my bonus repayment. Now the amount that I have been asked to pay is including the tax that I have already paid. How do I ensure that my form 16 mentions the same?
