Hello Aniket, Bonus received by an employee is taxed in the year of receipt, and leave encashment of unused paid leave during the employment period is taxable as it is considered income from salary. In this case, the related employee can get tax relief under Section 89.
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Professional tax is calculated based on the gross income received during the tax period. Additional incomes like bonuses and leave surrender salary automatically merge with the gross income for the tax period. Therefore, there is no need to deduct tax separately on such incomes.
From India, Salem
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