Bonus amount is a taxable income?
This query is : Resolved
07 October 2011
Dear sir,
My self Yatrik kapadia
I want to clarify the matter regarding the Bonus declared by company.
As per our company policy we get Bonus amount along with salary of Sep'11 where as the bonus amount is fix and part of our CTC.
and company have credited last year bonus amount with this month salary and deducted the income tax on that amount.
Pl. let me know weather the Bonus amount is taxable on not!
In which case bonus amount is tax free.Because in my previous job the company declared Rs.8400/- fix every year and not included in form-16 that's why the question come in my mind.
Pl. answer.
Thanking you,
My self Yatrik kapadia
I want to clarify the matter regarding the Bonus declared by company.
As per our company policy we get Bonus amount along with salary of Sep'11 where as the bonus amount is fix and part of our CTC.
and company have credited last year bonus amount with this month salary and deducted the income tax on that amount.
Pl. let me know weather the Bonus amount is taxable on not!
In which case bonus amount is tax free.Because in my previous job the company declared Rs.8400/- fix every year and not included in form-16 that's why the question come in my mind.
Pl. answer.
Thanking you,
07 October 2011
Dear Yatrik
As per Income Tax Act Salary includes bonus
hence taxable .
As per Income Tax Act Salary includes bonus
hence taxable .
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