We paid a 1 time Bonus to all the employees this month, as the company is doing well.
Should I deduct TDS on this payment as well under 192B?
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Tds on bonus
Replies (4)
YES.TDS u/s 192B
Bonus is part of salary, so TDS will apply.
If there exist a relationship of employee and employer, then it becomes part of employees annual Salary package and hence liable to TDS u/s 192B at annual average rate of tax based on employees expected annual income.
Yes TDS is applicalbe on bonus paid to employees, as bonus is the part of salary.
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