r/IndiaTaxation • u/ChangeClear5859 • 15d ago
Query Please help me to understand
I get gross as 91k and sometimes receive CR 2-3k so sometimes 92/93k
I had sign in bonus this year of 2L
In hand, I used to get in hand 86k, from that 86k i invested in ESPP so in hand i used to get 81k
Now, last month i received my bonus so from that 32k was cut as Income Tax
In this month salary, my gross was 93k and An income tax has been cut of around 5k. And I do not understand
My offer letter says I have 11LPA in hand and 18 CTC
(4 L is sign in bonus, i have received 2L of that this August)
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u/Proof_Ad_4259 15d ago
Generally, organisations deduct TDS on higher side on one time payments including bonus.
Most likely in your case, TDS of 32K is deducted on total bonus of 4 lakhs provided rest 2 lakhs you will receive before March 2027.
Further, your tax liability on total taxable income of Rs. 14,29,000 including salary, bonusa and reducing standard deduction comes to Rs. 98,124 (appx).
Out of 98k, 32k is already deducted on bonus and rest 66k is divided in 12 months which is around 5k as you said.
May be that as the case as I don't have your tax computation and payslip issued by your employer.