JazzyBagel
12moTrending @Cognizant; Bonus Payout 2025
I just recieved E-Letter for bonus. Anyone knows how exactly CTS deduct taxes? For past few years they deduct some amount from bonus and the remaining from Match Salary. How can I estimate this?
12mo ago

DerpyNoodle
12mo
And amount reduction currently you are seeing in letter is as per your rating

DerpyNoodle
12mo
Bonus is one time payout - so on it direct tax will be deducted based on which tax slab you fall under
March salary tax deduction - that depends on your actual proof submission for the investments which you have declared. So id you have not submitted the same investment proofs which you have declared. Tax will be cut as per your tax slab. You pay tax to government, nothing to do with CTS
JazzyBagel
12mo
Thank you sir!
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