Do We Need To Deduct Income Tax From Bonus?

mkpandey18
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.
indumathymurali
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
vijetahr@gmail.com
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.
ompal.Chhoker@gmail.com
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
korgaonkar k a
Dear Nirav ji,
Queriest question is whether do we need to deduct Income Tax from Bonus?
Your answer is:
Can you please enlighten us under what provisions it is mentioned?
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