Dear All, I have two questions
1. I want to understand how to calculate the Amount of Income-Tax deducted (10A as per the format) when preparing Form C as per the Bonus Act.
2. If there is a backdated salary increment and the salary crosses the minimum salary limit for the employee will the bonus be paid on the arrear amount or not
Thanks in advance.
From India, Delhi
31. I want to understand how to calculate the Amount of Income-Tax deducted (10A as per the format) when preparing Form C as per the Bonus Act.
2. If there is a backdated salary increment and the salary crosses the minimum salary limit for the employee will the bonus be paid on the arrear amount or not
Thanks in advance.
From India, Delhi
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls