Bonus
This query is : Resolved
11 February 2012
Dear Sir,
Please confirm me when bonus is taxable. According to me its taxable when received pls confirm
Please confirm me when bonus is taxable. According to me its taxable when received pls confirm
11 February 2012
my view
Salary income will be taxed accrual or paid which ever is earlier.
Bonus - incase if the bonus already fixed the part of CTC annual basis, then it will be accrued for the year and need to be added in the year of accrual
Incase if it is based on calculation of results from the financials, it will be accrued and paid subsequent financial year. so can be taxed subsequent financial year
Salary income will be taxed accrual or paid which ever is earlier.
Bonus - incase if the bonus already fixed the part of CTC annual basis, then it will be accrued for the year and need to be added in the year of accrual
Incase if it is based on calculation of results from the financials, it will be accrued and paid subsequent financial year. so can be taxed subsequent financial year
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