Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Hi I joined a new company in December last week and have got Jan salary and Feb salary so far. No tax was deducted in Jan as they said tax will be deducted in Feb collectively. Now a huge tax amount has been deducted and I dont understand anything. My fixed pay is 9 Lacs per annum and variable pay is 90000.
Attaching screenshot of Jan and Feb salary. Please can you help in understanding why so much of tax is deducted in Feb?

From India, Bengaluru

Attached Images
File Type: png jan pay slip.PNG (57.1 KB, 448 views)
File Type: png Feb Pay slip.PNG (81.9 KB, 186 views)

You have to ask your payroll manager to explain the deductions and its basis. He will be able to explain it, since its he who has d ducted if.
From Indonesia, Jakarta
Before January were you working with some other company, what was the salary there, whether they have deducted and TDS, if so did you submit Form 16 to your new company, whether your investment has been accounted for Tax calculations, there are many things to be looked into for Tax calculation. Please consult a tax consultant who would not charge more than Rs. 1500 for your return filing and other needs i.e. few small advises.
From India, Ahmadabad
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™