Tds on bonus
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2014
Hi,
We have an employee whose CTC is 12 lacs p.a. for FY 13-14. Now company announced bonus of Rs.2.50 lacs on 8th April 2014. So how to calculate TDS? 10% on 2.50 lacs???
We have an employee whose CTC is 12 lacs p.a. for FY 13-14. Now company announced bonus of Rs.2.50 lacs on 8th April 2014. So how to calculate TDS? 10% on 2.50 lacs???
Dintakurthi Tirumala
(Expert)
11 April 2014
Bonus to employees is also salary so that bonus amount shall include along with that year's salary and shall compute tax deduction liability u/s 192.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Dhirajlal Rambhia
(Expert)
02 October 2021
Tds to be deducted as per slab rate, which in your case would be 30%.
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