I received my annual bonus recently and the tax seems high compared to my normal monthly salary. They have taxed the total amount in the bonus @ 40%, whereas my normal monthly salary has a portion @ 20% and the rest & 40% - is this how it should be?
I received my annual bonus recently and the tax seems high compared to my normal monthly salary. They have taxed the total amount in the bonus @ 40%, whereas my normal monthly salary has a portion @ 20% and the rest & 40% - is this how it should be?