query on bounus taxability

This query is : Resolved 

19 March 2009 hi,

i have a query.
if a employee get a bonus on 31st march then what is the taxability and same when the bonous is recieved in April.
i have a little confusionin both cases,



Regads
Anil Meena

22 March 2009 Bonus is taxable on due or receipt basis which ever is earlier



23 March 2009 Thnx for confirmation


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