Taxability of Bonus

This query is : Resolved 

14 May 2010 Is Bonus is taxable on due basis or payment basis.

14 May 2010 Bonus is taxable on receipt basis for the employee. For employer it will be allowed on accrual basis.

15 May 2010 Due basis or payment basis-
whichever is earlier


15 May 2010 Due basis or payment basis-
whichever is earlier



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