I have an offer which has sign-on bonus to be paid in 3 instalments spread over 3 years, starting on the day of joining and thereafter on each anniversary ! If I leave the company then I will need to pay them back that portion which is paid for that year. Now the question is- 1. The amount I receive will obviously be tax deducted will I still need to pay them back the full amount. Is there a tax credit for this? 2. Is this industry standard? 3. Should I negotiate this? If yes, what could I propose?
Someone can correct me if I’m wrong but I’m pretty sure you’d only have to pay back the tax-adjusted amount
Sounds more like a baked in pay cut than a sign-on bonus.
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I'd propose they follow normal practice