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Is Deloitte usi have office in Chennai?
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One time
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30% one time
You mean to say remaining tax will be deducted from the in-hand salary. And it will be more or less the same as it was before hike and bonus. This variable pay is a scam.
The tax for bonus would be deducted one time.
However if the bonus + your total salary for the year will be more than the exemption limit then you would be taxed. And your in-hand would reduce in coming months till march.
The tds is deducted on the estimated salary + the bonus that you receive during the year.