Hi Friends,

Need your help on the following...

*When the Bonus of employee is taxable *?

At the time of payment to the employee
*or*
At the time of booking.............. Please advise.

*

Treatment in books given by me.*
I have booked the proportionate bonus as expenses in my books & the same is
shown in the income of respective employees & tax deducted thereon for the
last year.

Please advise...Is there any changes is required in the treatment?

Thanks & Regards,
Kiran Takke

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