Dear Kiran

 

Bonus will be treated in individual IT computation at the time of Bonus
received.

 

Regards

 

Anthuraj Peter

MAG ENGINEERING

  _____  

From: [email protected]
[mailto:[email protected]] On Behalf Of Kiran Takke
Sent: Monday, April 19, 2010 10:07 AM
To: skorydovmytaxassistant; Google Alerts
Subject: Tax Treatment to Employee Bonus

 

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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