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Hello, I am working in HCL Technologiesas L1 resource my CWL is nagpur but I want to change my working location . It was changed a few months back but they have referred back to nagpur again saying because of some policies so I asked for a project change thought it may be useful for location change, it's been 23 months in my current project I asked for release but my sdm is not willing to release. I cannot travel back to Nagpur vijaywada is my nearest location. Please suggest how I can proceed.
HCL Technologies offer being delayed and recruiter keeps saying that there's a problem with their "Offer release portal system." I have already stated my issues with relocating until after I have the offer signed and ready. The project is supposed to start on the 19th and I'm supposed to join before, or on that date. It's already coming up soon and I don't have the official offer so that I can confidently start the relocation process. Has anyone else recently dealt with this?
I recently joined Accenture and manager has hard locked me for one of the project who is using old technology, although he told me abt the same on-call few days ago but since there was no confirmation frm him so I thought that is gone now but today I came to know they have hard locked me and now they can't backout . I dnt want to work on that and he is saying if i backout it will impact it performance. Pls helpAccenture
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Social security is not always taxed. Up.to 85% can be taxes but it's a formula based on other amounts of income. Please dont answer if you dont actualy know tax law lol. "Some people have to pay federal income taxes on their Social Security benefits. ... between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits. more than $34,000, up to 85 percent of your benefits may be taxable."
How does he file (single, joint, HH)? How much is his provisional income (1/2 SS + AGI + muni income). You cannot figure taxation of SS based on the $50K gross. The client could receive their SS tax free depending on provisional income. That being said, the maximum tax would be 85% of their benefit being taxed at the clients respective ordinary income tax bracket.
You also need to know if the client is past their Full Retirement Age or FRA. If younger than FRA, they may get hit by the earnings test where they loose $1 of their benefit for every $2 of earned income above $17K +.
Social Security website has an explanation for 1st yr of retirement. If you make less than $1700 (approx) per month, you will not need to repay the SS benefit even if earnings are more than $17000 for the year. Year of full retirement age the amt is 48000 (approx), but still the $1700 per month after benefits begin applies.
Social security is always taxed, but more importantly is that his benefit may be reduced for the calendar year due to his income. I believe you can find the calculation on the govt website.
Sorry, I didn’t state that clearly. His benefits will be taxed regardless of his income based on the tax rules for SS. The fact that he has income outside of SS will likely reduce his benefit from SS. That is what I would look into.