Bonus is taxable on payment basis

On Mon, Apr 19, 2010 at 10:07 AM, Kiran Takke <[email protected]> wrote:

> 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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