Bonus taxability

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CA
131 Points Posted on 15 January 2020
employee getting bonus from company will be taxable or nt?
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On 15 January 2020 at 16:12 Report
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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.

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Service
94 Points Posted on 15 January 2020

Yes it will be taxable for employee on receipt basis.

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On 15 January 2020 at 16:38
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"Do the Right Thing...!!!"
128162 Points Posted on 15 January 2020
Yes... Bonus is taxable under Salary Head...
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On 15 January 2020 at 18:00
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Partner
6665 Points Posted on 16 January 2020

 

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

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On 16 January 2020 at 15:59
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0
609 Points Posted on 17 January 2020
Bonus received by an employee from his employer is taxable under the head salary
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On 17 January 2020 at 01:47

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