No Tags Found!

Anonymous
Dear Members,
Need your inputs and advice on the matter.
One of employees will get a bonus of ₹6 lac in February 2022 (FY2021-22) and there will be huge tax deduction at 30% and this is top of TDS on monthly salary. so, that employee is seeking an advice whether Bonus can be shown as Advance to defer tax burden temporarily in this FY and in next FY2022-23 same advance convert back to Bonus and tax spread over 12 months.

is there any IT provision on the same? Do you think this is right practice handle it? Please guide with your specific points.

Thank you

From India, Guwahati
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.