18 October 2008
Bonus being one depending upon contingency, is not included for determining the slab. We have to also look at the xact provision of law which can vary from state to state.
20 November 2008
Salary or Wages includes pay, dearness allowance and all other remunera tions including allowances received by any person on a regular basis whether payable in cash or kind and also includes perquisites and profits in lieu of salary as defined in Section 17 of the Income Tax Act, 1961 (No. 43 of 1961) but does not include bonus in any form and on any account, gratuity and pension]
CAclubindia
