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Hello All, I have one question. I was a fresher and joined one organization as external employee with third party payroll. I worked as external payroll for 1 year then I became permanent employee of organization was working. When i was a fresher my salary was below tax slab so my external exployer did not generate any form 16 for me. When tried to switch my new organization wants me to submit form 16 as BGC process. Will my offer get reverted?Cognizant Tata Consultancy HCL Technologies Accenture
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I’m not from CA but did get my last pay including unused PTO on my last day. I think the classification of my new employer played a part in that.
Thank you M1. If you don’t mind sharing, could you please let me know what % of the amount calculated using the unused PTO hours formula was withheld by them?
My yearly bonus was withheld at 38.4 % (Federal, State, Social Security etc.) , while my paycheck tax is withheld @ 28.5 % rate
I am in California and got it on the last of my employment with Deloitte
Thank you M2. This is helpful information. I dropped another follow up to the ELE separation specialist. Again no response
For me it was about 2 weeks after my last day, which also aligned to the end of month.
Pro
2-3 weeks after leaving
Anyone of you from CA? Doesn’t CA law state that all the outstanding amount need to be cleared by the last day of employment?
Not from CA, but basically on the next regularly-scheduled paycheck date.