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Cognizant
Cognizant
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QuirkyMarshmallow
QuirkyMarshmallow
7d
by
Cognizant

Trending @Cognizant; When Your Bonus Turns Into Tax

Worked hard all year, waited for the bonus… and when it finally came, about 83% went straight to taxes while only 17% reached the bank account.

Sometimes it feels like the harder you work, the bigger the share that disappears before you even see it.

Middle-class employees keep contributing, but moments like this really make you wonder about the system. #Taxation #MiddleClass #SalaryLife #India

7d ago
GoofySushi
GoofySushi
Cognizant
7d

83% tax???

QuirkyMarshmallow
QuirkyMarshmallow
Cognizant
7d

Yes

QuirkyPotato
QuirkyPotato
Cognizant
7d

Yes same here 50% deducted

TwirlyMochi
TwirlyMochi
Cognizant
7d

Is your package before bouns below tax limit after bouns is cross tax limit?

QuirkyMarshmallow
QuirkyMarshmallow
Cognizant
7d

Yes

MagicalBiscuit
MagicalBiscuit
Cognizant
6d

Perks of living in a 3rd world country with 3rd class government services taxing like developed countries 😀

MagicalBiscuit
MagicalBiscuit
Cognizant
6d

Perks of living in a 3rd world country with 3 class government services taxing like developed countries 😀

CosmicPancake
CosmicPancake
Cognizant
7d

Am SA .. Got 5k as bonus..Fully motivated

MagicalPickle
MagicalPickle
Cognizant
7d

Yes, almost 65% deducted why does anyone know why? Or will it be in 2 parts?

MagicalBiscuit
MagicalBiscuit
Cognizant
6d

Must be you where not in taxable bracket but with bonus you enter taxable bracket and taxed for entire financial year

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