Bonus & Commission Taxability

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bhagwati saran (Querist)
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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

CA Gangadhar Mishra

CA Gangadhar Mishra (Expert)
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27 February 2010 calculate TDS on bonus on actual payment basis not on the provision.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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01 March 2010 Bouns & commission can be taxed in the year of payment

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