Bonus Month Tax Shock? How to Plan TDS and Deductions So Take-Home Doesn’t Crash
Many salaried employees feel excited when bonus or appraisal season arrives — but the excitement often disappears after seeing the salary slip. A large portion of the bonus gets deducted as tax, leaving a lower-than-expected take-home amount. This happens because bonuses are taxed at your income slab rate and employers deduct Tax Deducted at Source … Read more