banner_ad

Tds on bonus

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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???
Profile Image

Dintakurthi Tirumala

Profile Image

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
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
02 October 2021 Tds to be deducted as per slab rate, which in your case would be 30%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details