When an employee receives some money for a silver jubilee celebration of a company taxable under the head income from salaries?(is it a bonus?)
2 Replies
ajay lohiya
(article)
(69 Points)
Replied 26 January 2010
i think it`s taxable under the head income from other sources because money received by the employee has no any link with the business . hence it`s taxable under other sources. you asked that can we assumed it the type of bonus ?
no, because bons is payble to all of employies . in given case amount received by a person on his
personal occasion.
Arka Bose
(None)
(313 Points)
Replied 26 January 2010
If an uniform amount is paid to every employee? then?
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