employed
2574 Points
Joined May 2008
as per section 17(1), salary includes bonus.
salary is taxable when it is received or when it becomes due, whichever is earlier.
only under the heads
income from other source and income from business or profession
the assessee has the option to offer his income to tax on cash basis.
-Bonus is taxable when it accrues to assessee, which invariably is the same year in which it is received