Ask Experts Questions for FREE Help !
Ask
    chhedaharish's Avatar
    chhedaharish Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 5, 2007, 05:16 AM
    Income tax deduction
    While joining a new employer, my previous employer deducted some amount under bond recovery head. Previous employer has deducted tax on this amount.
    Now my new employer had reimbursed me with same amount. But again tax is being deducted in same amount.
    Which employer has the right to deduct the tax?
    Thank You
    Harish
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Jan 5, 2007, 05:53 AM
    Harish:

    I cannot say whether your employer has the right to impose this tax. There is no federal tax that operates under the name "bond recovery head".

    It is probably a state or, more likely, a local tax.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

401k deduction / employer match/ income statement [ 1 Answers ]

I was ask how does this effect the income statement. "I paid the employer match of 401k from the 401k withheld instead of the accrued profit sharing account. " I thought when we made the adjustment that would bring the income statement down by the amount of the match but I was told it didn't effect...

Pre-tax deduction [ 3 Answers ]

Hi TA, Is COBRA premium payment eligible for pretax deductions? ML

Tax deduction on hybrid [ 3 Answers ]

Hi I am non-residient alient having Nationality Indian and for 2005 my visa status was F1 and then OPT. I bought a Honda civic hybrid so I have question whether I can have a tax deduction on it. I have read following links and I am confuse.. ...

OPT tax deduction [ 1 Answers ]

I work during my OPT, but I paid federal tax, SSN tax, medicare tas. Since I overpaid tax, I have to get the overpaid part during tax return. What form should I use to file tax and how to get tax return? Thank you.

Tax percent deduction [ 1 Answers ]

Hi, I have a question regarding the percentage of tax that would be deducted on my monthly pay. I am currently on my OPT and this is my second emplyer. I am on OPT since Jan, 2006. Is there a fixed percent tax deduction for all OPT candidates? Does it depend on previous tax returns? The only...


View more questions Search