Hi Fishes,

Can anyone explain the Tax deduction in the screenshot below?
I am a new joiner and want to know if there is way to avoid such high tax. My mind is blown looking at the tax deducted.

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Are you falling under 30 percent bracket? If yes then calculate 30 percent of 2.5 lakhs of JB and deduct that plus regular income tax


In short 75k tax on 2.5 JB plus 17k around is your normal income tax which will be there every month ( i am not sure if you have declared your investments or not) so according to your declaration regular tax of 17k can further reduce


The salary systems are usually designed in such a way that it forecasts your future income, to the TDS calculations. But in case of large joining bonus like in this case the system usually fails and deducts high TDS. You can not do nothing much about it, do proper investment declaration. And from next month onwards your tax liability will be reduced to minimum.


Tax is deducted on your annual income not on monthly so if any additional tds is deducted it will adjusted in upcoming salary or in itr.


Can someone explain how can normal tax be 17k ? Isn't it too high for 11 lpa ?

Yes yes I saw that now. But even then the money credited is equivalent of 11 lpa so tax should be less I guess. I'm completely new to all this hence trying to understand

Deloitte 1 what if the CTC is 11 fixed and 1 variable. Will the tds be based on 11 lpa or 12 lpa ?

11 lpa, until the month the variable is credited. Thereafter on 12 lpa

Welcome to the 1% club of tax payers…!! 🥲

I believe most of this can be reimbursed by filling ITR

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