Related Posts
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
More Posts
Anyone got recruited for Pune location recently? My interview process has been completed and asked for documents on 23rd Dec, but till now I haven’t got any update after that. Today i called HR and they said manager has not provided any update on my application. Should i wait for the offer letter or look opportunity in another organisation? Deloitte Deloitte India
Has anyone taken the CAIA ? Any tips ?
Hey everyone. New here.
Hi All, My Junior has decided to put paper, as she wanted to pursue Cdac course from Sept-22. She just informed that she signed a bond of 2 years and currently she has completed 1.7 years in HCL. What should she do now? Results is on 10-aug and she decided to put paper on that day itself (Earlier she told the same to Sr. manager) Kindly suggest if any action would be taken by HCL OR No experience letter would be shared with her. Regards, HCL Technologie HCL Technologies HCL Technologies
Additional Posts in Personal Investment Chatter
Best provider for good rates on used car loan?
Which assets to invest pension into?
New to Fishbowl?
unlock all discussions on Fishbowl.




Rising Star
Bonuses are usually withheld at very high amounts (40-45%), but they’re taxed at the end of the year as regular income, so you’ll likely see a refund come Tax time.
Conversation Starter
Thank you B1!
You don't need a tax adviser just for a signing bonus. You will get some money back in your refund after filing.
Conversation Starter
Thanks M1!
I'll be your tax advisor. Let me know and I'll send you an engagement letter.
Pro
The safe harbor withholding most employers use on bonuses is 22% for federal. When you add state/city, if applicable, plus FICA (if not over max) then you can get to a combined tax rate of near 40%. You will get a refund when you file your 1040 in 2022 based on actual tax owed less amount withheld.
Conversation Starter
Thank you for clarifying!