This discussion clarifies the tax treatment of bonus provisions made in FY 2021-22. The consensus is that if the bonus is paid to employees in FY 2022-23, it should be added to their salary and considered for TDS calculation in FY 2022-23, not FY 2021-22. The provision itself is for company accounts and doesn't trigger TDS in the earlier financial year.
Please help me, if our company made provision for Bonus for FY 2021-22. Whether this bonus amount need to be add each employee salary during the fy 2021-22 itself for calculating TDS for FY 2021-22. Or it is just provision for company account. or add this bonus amt in fy 22-23 when it is paid to employee.