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Hi fellow fishies!
Can someone please explain what is “SUPPLEMENTARY allowance” in my payslip??? It is the highest in my entire payslip, more than basic salary. Basic is lets say ₹7 lac annually and supplementary bonus is ₹7 lac 40 thousand.
Can someone please explain why this exists in my paylslip, is it good or bad from tax perspective and shall I ask my HR to decrease it???
Please help asap.
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Make sure to talk to your accountant because when you get the sign on bonus you get taxed on income for it so when you pay it back as the full amount you should be able to get a tax deduction or something for it. Sorry I am completely blanking on the term right now.
Yes.
keep a look out for a letter in the mail, it will tell you that you have 30 days to pay it back. If you don’t get anything by month 6… then maybe you are okay.
Yes, they will reach out. It's in your offer letter that you signed. They reached out after a year for one of my colleagues!
lol i know i owe it back. just want to know how long it takes. a year seems kinda crazy to me!