TCS
TCS
on
JazzyNoodle
JazzyNoodle
11mo
by

Abnormal tax deduction

Did you guys also receive abnormal tax deduction this month ?

Mine was like 3X of usual tax deduction.

I have selected new tax regime so nothing like investment proofs which needed to be submitted.

Is it only me ?

11mo ago
SwirlyPanda
SwirlyPanda
11mo

Did you get some leaves encashed and maybe that moved you to next tax bracket?

DizzyNarwhal
DizzyNarwhal
11mo

Deducted tax which is more than my leave encashment amount

SillyLlama
SillyLlama
11mo

March is a month wherein your entire balance tax of current FY gets deducted where Jan and Feb they deduct less than usual so March tax deduction feels like 3x but overall of entire Calendar year it becomes net zero once entire left over gets deducted in March

JazzyNoodle
JazzyNoodle
11mo

Really bro???

But why it happened like that, any idea ?

DizzyNarwhal
DizzyNarwhal
11mo

Me too. 4X of tax deduction

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