Was talking to a friend of mine who got laid off early this year in January. While the org gave him 3 months salary additional to the leave encashment payment.
He mentioned most of the amount was deducted in TDS as what was left for him was not even two months salary.
Imagine someone who got laid off and is in dire need of money, He gets some severance from the organization and government eats majority of that as well? Absolute shitshow.
IMO there should be some clauses to exempt this income from tax liability atleast in the same FY. You can ask him pay additional taxes when he gets the job but not on severance package.
The most tax affected ppl are only and only the employees and middle class PPL who are honestly earning hard earned money. We are the employees who work hard and earn money but this govt keeps an eye on our income whatever it is and takes out our money by the name of tax....then what is the use of we working hard and being honest to the company/govt. To secure our CIBIL and honest tax payers?? What benefits we are getting from our govt. In return??? So sad 😭
Is Desh m kuch acha hota bhi hai. Sabko govt lut Rahi hai bas apni Jeb bharne k liye.
I just want to vent out! Many businesses are earning double than me and paying less than 50% of tax and yet here I am as a professional bound to pay tax. And that’s not enough, I still can get audited!
I paid 43L last year. 😤😖 It feels like I own every inch of new BLR airport. 😅
So I had an organisation as an SDE2 and left it within 4 days as I got a better offer. I did not resign through official channels because I hadn't got access to them yet but I left a proper email trail.
Now come tax filing season, I see...
I was working in a toxic environment, which should be a separate post, too long to explain here, tldr, I was put in pip, and then I resigned and put my notice, I like a responsible employee started finishing off my projects and tasks, gi...
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 am...
