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Bonus taxability
employee getting bonus from company will be taxable or nt?
Replies (4)
Yes it will be taxable for employee on receipt basis.
Yes... Bonus is taxable under Salary Head...
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
Bonus received by an employee from his employer is taxable under the head salary
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