My salary structure contain fix quarterly bonus of 25000. The bonus of last quarter (Jan-Mar 2013) was paid to me with the salary of the month of April-2013 (on 5th May 2013).
Now in form 16 of Fy 2012-13 this 25000 bonus is not shown and will be shown in form 16 of FY 2013-14.
So in which year’s ITR I suppose to show above bonus of 25000 as income?
But this is a fix bonus. So in my view the income is accrued in fy 2012-13 and therefore should be taxed in fy 2012-13. Moreover salary includes bonus, so why bonus only is taxed on received basis Please provide me any reference and correct me if I am wrong
CAclubindia
