Joining Bonus- Whether We should Take Joining Bonus? General Q&A

[@krishnaik06]

Do you think you should take joining bonus??

[@systemop7987]

Hey sir, i would like to ask you if there is any internship is coming from Ineuron ? and how can i participate

[@anshikasingh2895]

Hi Krish, I had a question on this...In the event on giving back the joining bonus. Is the employee allowed to file for TDS refund while filing taxes? Hope you get my question

[@venkatbhupathi3762]

No

[@TheYellowshuttle]

Nope! It's better to avoid it, because it can run you into huge losses in case you can't complete the term for some reason. I think IT dept should make provisions to reclaim this loss of income.

[@TheYellowshuttle]

@@subhopramanik2827 Since you returned all the money back, just reduce 50k from your FY total earnings while filing. And then claim refund of the tax you paid on the 50k.

[@narsimharao8565]

It is good if someone is going to start as career and doing job at least in that period. I would take the joining bonus.

[@TheYellowshuttle]

You are right! More the joining bonus, more could be your total loss. Instead, it's better to raise the CTC - even if it's a tiny bit, than to get a big bonus.

[@9604786070]

Great video. Can you make a video on - how to integrate faster in new work environment when you join a company as data scientist? For ex. how to adapt to their database systems, OS & servers, projects & codes, etc.

[@shubhamkale9789]

Sir, I request you, could you please make a video on how to do transition to product management? Please 🙏

[@abhisheksharma9046]

I have recently join company in offer letter they mention they will provide joining bonus after 3 month ...when I ask for joining bonus after 3 month they said you have to sign on agreement before intiating that. they mention so many condition 1) company can terminate you not satisfactory performance you have to return back joining bonus 2) you have to sign 1 year agreement with company you will not left organization. At the time of joining condition is not there kindly give answer. what should I do know. when I ask why you mention those condition they said this our company we can do anything. my company in banglore I am working remotely from M.P. I left previous organization by paying 3 month basic salary to early join this company because they said we will provide joining bonus only if you will join early to us.

[@subhopramanik2827]

I received joining bonus (50k) in last FY and tds was deducted. but as I am leaving the organisation within 1 year the same amount (50k) is recovered from my salary in current FY but they are not reducing the total taxable income. How can I recover the TDS I paid in Last FY. I haven't filed ITR for last FY yet. thank you so much in advance.

[@shreyasb.s3819]

Nice info.I should also ask joining bonus.

[@y.c.breddy3153]

Please telle brother What are roles and responsibilities of "senior consultant-testing "

[@makdtm]

Off course take it. Is this even a real thing to think about???

[@punjabiboy4260]

bro how to claim tax on returning back the joining bonus??

[@samikshyadash8176]

But joining bonus is not taxable right? What if the salary and bonus are good? Ans as you said you had switched, more switches are not good for a profile I believe.

[@vivekpaliwal1876]

But what if we are not able to project and they pressurize me to submit resignation before 1 year..

[@ashishjaiswal808]

Thanks for these video

[@rahuldu21]

Can we take joining bonus in the form of demat shares? I don’t think that will be a problem as shares are tax free asset until you don’t sell them

[@thedeveloper4207]

NOOO...Don't take it because they will FIRE you before the completion. ALWAYS go for FULLY FIXED Salary

[@Just_enjoy00]

U mean add joining bonus in ctc?

[@TheYellowshuttle]

The condition is "if you leave". Not if "they fire you". Correct?

[@thedeveloper4207]

@@TheYellowshuttle The condition is if you don't complete 1 year....ie same if you leave or get fired

[@TheYellowshuttle]

@@thedeveloper4207 Wow! Then it's definitely scary. I wonder if it's a deliberate scam or incidental. 🤔

[@thedeveloper4207]

@@TheYellowshuttle Usually it is a safety measure to save money by the company. That's why ask for fixed pay even if it less. Never ask for retention bonus, profit sharing, stocks, etc etc because of too many terms and conditions. Joining bonus is fine

[@bctechsirji9616]

hi pls make a video for variable amount

[@Ajaysebastian7]

Very well explained sir

[@ansh01019]

Hi Sir.. I need your advice urgently.. the company where I will be joining, offered me to pay buy out to my current company.But things didn't work out and I had to serve 3 months NP . My future company agreed on that. Now they are postponing my joining date by 5 days because of some reasons. Now my last working day in my current company is 8th August and my joining date will be 16th August. Earlier they were gave 11th August joining date. Now I will not be paid for 1 week. So can I ask my future company to provide me some amount as compensation since they are postponing my joining date because of their own reasons ?

[@sauravroy4605]

How is joining bonus recovered? Is it adjusted in F&F?

[@shubhamjatale9449]

sir, what if we take joining bonuse to remain to company till one year ,but what is comapny does like our performance ask us to resign for around 8 month? ............does we need to return the amount @krish Naik

[@adityarai2831]

Sir if I complete your ML playlist then how much percent of progress I have made towards Data science please reply🙏🙏

[@ashwins.m1800]

How much you practiced and Developed your skills is Important.

[@adityarai2831]

@@ashwins.m1800 Yes that is much important but as I'm a self learner it motivates me if I get to know my progress for which I'm doing hard work

[@mayurpardeshi395]

I will suggest you to join iNeuron course. Where they will teach you each and everything in a flow. Krish sir is just try to simplify some important concepts in his playlist. So, just try to enroll for iNeuron course I will definitely help you. All the best !!!!

[@mayurpardeshi395]

@@ashwins.m1800 .

[@adityarai2831]

@@mayurpardeshi395 I can't afford the course sir😟

[@ahuman9095]

Take or ask for ?

[@mithileshshaw7822]

Nice ..currently i am facing this issue..

[@ttstest4660]

can this tax be claimed through ITR?

[@tushardeepsingh4976]

Krish this vid is helpful. I have one doubt though...I got retention bonus... What % of tax will be applicable

[@nomithams1870]

1 year means including 3months notice period or excluding notice period?

[@prathameshdudhalkar5606]

Same question. Have you got your answer?

[@ZEA_TATA]

@@prathameshdudhalkar5606 it's usually mentioned in your offer letter. It is excluding your Notice Period.

[@shivampathak5235]

What about the tax paid of Rs .20,000 can get any tax benefit as you already paid tax and now returning the money

[@hritikbadyal7819]

Hey, what if we dont return the joining bonus after switching the jobs? Experience letter if we dont need at the same time either and also fnf is too very less to adjust for the compay.

[@mohitdhound8890]

Hi Hritik, Reading this comment after 3 months. just wanted to ask whether you got your experience letter after leaving or u had to return the joining bonus??

[@PrashantKishoreForBihar]

If I drop paper after 9-10 months and serve 3 months of notice period so in this case will I have to return joining bonus?

[@prathameshdudhalkar5606]

Same question from my side as well.

[@soumya012012]

One can claim tax refund while filing ITR in case joining bonus is returned.

[@Ramesh-vs6em]

Not possible as I know

[@ss-wu7kg]

What if I resigned after 11 months and Resignation peroid is 3 months. Do I need to pay ?

[@ZEA_TATA]

Yed

[@chuttiwaledin05]

Hi sir I want to know if I don't repay joining bonus after absconding company ? what happens next ? Is it good or not ! What should be done in this case?

[@mohammadharoonhussain9126]

i too have the same doubt

[@HariPrasad-vc4eq]

Mee to.

[@manikraodoke1390]

बोनस कधी देतात

[@krishna_raj9331]

शक्यतो immediate joiners ना देतात

[@enigma7080]

Joining bonus is a trap. You should avoid it.

[@sandeep6750]

You should not spend it. You should accept it and invest it.

[@TheYellowshuttle]

@@sandeep6750 even then it's a loss buddy. The amount you lost in tax is max 30% or min 10% - instantly! While you'll need 5 years to get a mere 6% interest on your investment, using say FD.