Bonus & Commission Taxability
This query is : Resolved
bhagwati saran
(Querist)
27 February 2010
Dear All,
Wish You a very vehy Happy Holi to all.
We are a Company assessee and having around 10 employees. Salary income of the employees is taxable.
As i don't have the figures of bonus and commission to be earned by the said employees during the f. y. 2009-10. Figures will be provided by management after the filing of TDS Return i.e. in the July-2010.
Further bonus and commission will be paid after july-2010.
Please advise me whether bonus and commission will be taxable in the f. y. 2009-10 or 2010-11 for TDS and Form16 purpose.
B'regards
Saran
Wish You a very vehy Happy Holi to all.
We are a Company assessee and having around 10 employees. Salary income of the employees is taxable.
As i don't have the figures of bonus and commission to be earned by the said employees during the f. y. 2009-10. Figures will be provided by management after the filing of TDS Return i.e. in the July-2010.
Further bonus and commission will be paid after july-2010.
Please advise me whether bonus and commission will be taxable in the f. y. 2009-10 or 2010-11 for TDS and Form16 purpose.
B'regards
Saran
CA Gangadhar Mishra
(Expert)
27 February 2010
calculate TDS on bonus on actual payment basis not on the provision.
CMA Ramesh Krishnan
(Expert)
01 March 2010
Bouns & commission can be taxed in the year of payment
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