Bonus taxability
ritu tayal (CA) (131 Points)
15 January 2020
employee getting bonus from company will be taxable or nt?
4 Replies
Manoj Anandani
(Service)
(94 Points)
Replied 15 January 2020
Yes it will be taxable for employee on receipt basis.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 15 January 2020
Yes... Bonus is taxable under Salary Head...
CA Arun Tiwari
(Partner)
(6565 Points)
Replied 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
Moneesh Nair
(0)
(609 Points)
Replied 17 January 2020
Bonus received by an employee from his employer is taxable under the head salary
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