#Compensation
Tax laws around returning sign on bonus?
Does anyone has clarity on sign on bonus. I had a sign on bonus of 5 lakhs when I joined. The company deducted 30% as tax and I got 3.5 lakhs in first month salary. Now I’m leaving before 1 year and have to return the entire 5 lakhs. I was paid only 3.5 so is there any way I can show this as a loss etc in my tax filings? It’s a 1.5 lakh loss in real for me
A
Adora · WalmartLabs VERIFIED
{{get_time_diff('2018-03-27 05:01:47')}}
{{comment_count}} Comments
170 Views
{{commentData.userName.charAt(0)}}
{{commentData.userName}} · {{commentData.companyName }}{{commentData.unverifiedEmployer }} VERIFIEDNOT VERIFIED{{commentData.companyName}}
Reply
{{get_time_diff(commentData.createdDate)}}
{{commentReply.userName.charAt(0)}}
{{commentReply.userName}} · {{commentReply.companyName }}{{commentReply.companyName }} VERIFIEDNOT VERIFIED{{commentReply.companyName}}
{{get_time_diff(commentReply.createdDate)}}
This comment was flagged by the community/Hush Admin. Click here if you still want to see it.
This comment was flagged by the community/Hush Admin. Click here if you still want to see it.
VIEW MORE COMMENTS
ASK THE COMMUNITY
Get your career and workplace Questions, Answered!
ASK A QUESTION

Related posts

Download our App to access your private company community
Follow us:
© Copyright 2019 Erbauen Labs Pvt Ltd