11 April 2014
Hi, We have an employee whose CTC is 12 lacs p.a. for FY 13-14. Now company announced bonus of Rs.2.50 lacs on 8th April 2014. So how to calculate TDS? 10% on 2.50 lacs???
11 April 2014
Bonus to employees is also salary so that bonus amount shall include along with that year's salary and shall compute tax deduction liability u/s 192.
CAclubindia
