payment to employee for referring candidate
This query is : Resolved
14 July 2009
hi
we pay "referral bonus" to employee when he refers some candidate to our co.When referred candidate completes 2 mths, then referring employee is being paid referral bonus - which is out of salary, it is a separate bank payment.
My query, in this case, will tax be cut on this payment ? if yes, under which section ? pl provide solution
we pay "referral bonus" to employee when he refers some candidate to our co.When referred candidate completes 2 mths, then referring employee is being paid referral bonus - which is out of salary, it is a separate bank payment.
My query, in this case, will tax be cut on this payment ? if yes, under which section ? pl provide solution
14 July 2009
The said amount can be added to the employees salary and be paid as bonus and TDS deductible under section 192
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