Hi, I joined a new company in the last week of December and have received my January and February salaries so far. No tax was deducted in January as they mentioned that the tax would be deducted collectively in February. However, a significant amount of tax has been deducted in February, and I am confused about it. My fixed pay is 9 Lakhs per annum, and my variable pay is 90,000.
I am attaching screenshots of my January and February salary slips. Could you please help me understand why such a large amount of tax has been deducted in February?
I am attaching screenshots of my January and February salary slips. Could you please help me understand why such a large amount of tax has been deducted in February?
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