layoff lo severance

[gilakkai]

icharu april lo ... tax returns emaina vasthaya?? naku around $40k tax cut ayyinaye....emaina hope unda konchamaina ravataniki in the form of tax returns??

[Mitron]

9 minutes ago, gilakkai said:

icharu april lo ... tax returns emaina vasthaya?? naku around $40k tax cut ayyinaye....emaina hope unda konchamaina ravataniki in the form of tax returns??

@Spartan

[Raazu]

H1 lo vunna isthara severance?

[AndhraneedSCS]

yes, it will be considered as wage and so, you may receive part of it as refund

[Mitron]

19 minutes ago, Raazu said:

H1 lo vunna isthara severance?

Yes

[Spartan]

1 hour ago, gilakkai said:

icharu april lo ... tax returns emaina vasthaya?? naku around $40k tax cut ayyinaye....emaina hope unda konchamaina ravataniki in the form of tax returns??

 

1 hour ago, Mitron said:

@Spartan

lets say u were working for company A in 2018, and ur salary was 100K per annum.

June lo layoff aindi anukundam, and u got 50K salary out of 100K, and ur severence was say 40K.

And u joined company B in July for same salary of 100K...

by end of 2018, your total income or wages for 2018 are  50K + 40K + 50K = 140K.

u need to pay total taxes for that.

 

usual ga severence etc annitiki already tax cut ayi vastadi...but end of the year nuvvu ye tax bracket lo unnavo....deductions anni velli.

u will pay taxes if u under paid for that bracket, and get back if u over paid..simple concept..

nothing changes if u get laid off or get severence package.

[Spartan]

48 minutes ago, Raazu said:

H1 lo vunna isthara severance?

FT vallaki vastai..not all companies.

[Anta Assamey]

53 minutes ago, Raazu said:

H1 lo vunna isthara severance?

yes .. 

[gilakkai]

1 hour ago, Raazu said:

H1 lo vunna isthara severance?

ya istaru bhayya...chala mandiki chusanu...and naku kuda icharu...

[gilakkai]

28 minutes ago, Spartan said:

 

lets say u were working for company A in 2018, and ur salary was 100K per annum.

June lo layoff aindi anukundam, and u got 50K salary out of 100K, and ur severence was say 40K.

And u joined company B in July for same salary of 100K...

by end of 2018, your total income or wages for 2018 are  50K + 40K + 50K = 140K.

u need to pay total taxes for that.

 

usual ga severence etc annitiki already tax cut ayi vastadi...but end of the year nuvvu ye tax bracket lo unnavo....deductions anni velli.

u will pay taxes if u under paid for that bracket, and get back if u over paid..simple concept..

nothing changes if u get laid off or get severence package.

thanks bhayya...severance ante emaina special consideration untademo ani adiganu....almost 40k cut ayyaye taxes lo so anduke adiganu...