employee getting bonus from company will be taxable or nt?
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Quick Summary
Yes, any bonus an employee receives from their company is taxable. According to the Income Tax Act, 1961, bonuses are considered compensation from employment and are taxed under the 'Salary' head. This means the bonus amount you receive will be added to your taxable salary income.
As per the provision of the Income Tax Act, 1961, the amount of compensation due or received by an employee from his employer in connection with an employment shall be taxable as salary in the hands of the employee. Accordingly, the bonus receivable by you shall be taxable in your hands as salary income