Bonus Payment
This query is : Resolved
G.N.V.D.Kiran
(Querist)
12 March 2008
Bonus is Taxable in the hands of Employees on Receipt basis or Accrual Basis
Shashi Mohan Jha
(Expert)
12 March 2008
rect basis ...
G.N.V.D.Kiran
(Querist)
12 March 2008
Can you send any documentary proof
CA J M Pattanayak
(Expert)
12 March 2008
What kind of documentary proof u need. Refer to any Income tax book.
Gopalakrishnan
(Expert)
12 March 2008
Bonus is Taxable under the Head Income from Salaries for the Employees.
Bonus is taxable on receipt basis if it is not taxed on due basis earlier.
Bonus is taxable on receipt basis if it is not taxed on due basis earlier.
CA. Kirti S. Ganatra
(Expert)
12 March 2008
No it is taxable on due basis. In Salary head except arrears all expenses taxable on due or received w.e. earlier
MANAS ROUT
(Expert)
12 March 2008
BONUS WILL BE TAXABLE ON DUE OR RECEIVED BASIS WHICH IS EARLIER.
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