if his salary is 2.5 per annum and bonus 10% his gross salary goes to 2.75.
so on 75000 deduct 10% as total tax including tax deducted earlier. for 2.5 you would have deducted 10% of 50000 ie 5000, deduct another 2500 of the 25000 he gets.
From India, Delhi
12so on 75000 deduct 10% as total tax including tax deducted earlier. for 2.5 you would have deducted 10% of 50000 ie 5000, deduct another 2500 of the 25000 he gets.
From India, Delhi
Hello Friend, As per the income tax act you have to deduct the Tax on bonus and all related employees payment. Tax Deduction as per the IT slab applicable. Regards Lakshmipathy N 09952167716
From India, Coimbatore
From India, Coimbatore
Hi Friends,
As per my knoweldge Bonus is one time payment so after considering the taxable income on salaries, we need to include this additional payments as taxable as per emp eligible income tax slabs.
From India, Hyderabad
As per my knoweldge Bonus is one time payment so after considering the taxable income on salaries, we need to include this additional payments as taxable as per emp eligible income tax slabs.
From India, Hyderabad
Dear all, I have one doubt someone plz clarify ;- Is OT , Incentive or Bonus comes under TDS or not and what are the rules related heads... thanks with regards Ompal Chhoker
From India, Pune
From India, Pune
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