Dear all:
Do we need to include the bonus amount received as part of income from salary? or should that be shown as income from other sources?
Awaiting your answer
As per the provision of the Income Tax Act, 1961, the amount of compensation due or received by an employee from his employer in connection with an employment shall be taxable as salary in the hands of the employee. Accordingly, the bonus receivable by you shall be taxable in your hands as salary income
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