Personal Finance & Money Asked on May 9, 2021
My company pays bonuses in March because of which my taxable income also increases quite a lot.
Because of this, I am being charged penalty fee under section 234C due to shortfall of meeting –
Isn’t this common for a lot of employees? You get annual bonuses at year end in March and we pay the corresponding tax in March, so why does India charge us the shortfall amount for the initial three quarters where we didn’t receive any bonus at all?
Get help from others!
Recent Questions
Recent Answers
© 2024 TransWikia.com. All rights reserved. Sites we Love: PCI Database, UKBizDB, Menu Kuliner, Sharing RPP