Bonus
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2011
My mom retired on nov 2010 and filed a proper
return for F.Y. 2010-11, now she received bonus in the F.Y.2011-12 and company deducted tds on that amount & amount is well below slab limit .
can i claim TDS by filing F.Y.2011-12 return? They gave TDS certificate etc
help?
return for F.Y. 2010-11, now she received bonus in the F.Y.2011-12 and company deducted tds on that amount & amount is well below slab limit .
can i claim TDS by filing F.Y.2011-12 return? They gave TDS certificate etc
help?
30 December 2011
Such bonus is taxable in the current year as salary.
File a return showing such bonus under the head 'Income from Salary'.
Since the income is less than the exemption limit, refund of TDS will be granted to your mother.
File a return showing such bonus under the head 'Income from Salary'.
Since the income is less than the exemption limit, refund of TDS will be granted to your mother.
CA Pramod Jain
(Expert)
30 December 2011
agreed with siddhartha.
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