TDS on Bonus Payment
This query is : Resolved
G.N.V.D.Kiran
(Querist)
12 March 2008
Dear Sir
Our Company will be Credited the bonus amount for the year 2007-08 on 31-03-2008 to the employee personnel account and bonus payment will be paid in jun'2008.when we will deduct TDS on Such bonus U/s.192 in financial year 2007-08 or 2008-09 please clarify the matter is very very urgent
Our Company will be Credited the bonus amount for the year 2007-08 on 31-03-2008 to the employee personnel account and bonus payment will be paid in jun'2008.when we will deduct TDS on Such bonus U/s.192 in financial year 2007-08 or 2008-09 please clarify the matter is very very urgent
12 March 2008
TDS IS APPLICABLE ON CREDIT OR PAYMENT WHICHEVER IS EARLIER THEREFORE THE TDS SHALL BE DEDUCTED FOR F.Y 2007-08.
CA Praveen Chopra
(Expert)
12 March 2008
Bonus is taxable under the head salary and according to section 192, any sum chargeable under the head salary is subject to tds at the time of payment so in your case tds is to deducted in financial year 2008-2009.
G.N.V.D.Kiran
(Querist)
12 March 2008
Dear Praveen Chopra
Please Compare the answers in TDS on Bonus Payment & TDS on Bonus Provision
Please Compare the answers in TDS on Bonus Payment & TDS on Bonus Provision
12 March 2008
TDS IS NOT SUBJECT TO PAYMENT BUT ON BASIS OF PAYABLE/PAYMENT WHICHEVER IS EARLIER
CA. Kirti S. Ganatra
(Expert)
12 March 2008
Financial Year 2007-08
MANAS ROUT
(Expert)
12 March 2008
TDS IS APPLICABLE ON PAYMENT OR CREDIT WHICHEVER IS EARLIER THEREFORE THE TDS SHALL BE DEDUCTED FOR F.Y 2007-08.
12 March 2008
TDS APPLICABLE US 192 FOR FIN.YEAR 2007-2008, BONUS BEING PART OF SALARY(BINUS IS FOR YEAR 2007-08).
R.V.RAO
R.V.RAO
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