Diwali bonus
This query is : Resolved
13 October 2014
if a company pay Diwali bonus in cash to their employees then can company claim such bonus expense in their profit nd loss account as deduction and what will be the tax treatment of such bonus in the hands of company and employees ?
13 October 2014
Hi
It is taxable in the hand of employee under Income from salary.
Employer can claim same amount as expenses in P&L A/c.
Thanks
It is taxable in the hand of employee under Income from salary.
Employer can claim same amount as expenses in P&L A/c.
Thanks
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