Joining Bonus query

Raj (ac) (155 Points)

21 March 2011  

Seasons Greetings to one and all Hope everyone had a colourful and blessed Holi.

My query is below.

I joined an organisation in jan 2011. I got joining bonus from my organisation.

I got the joining bonus along with the jan salary.

I quit the org in Mar 2011, hence the settlement was made in Apr 2011 in which the joining bonus was deducted from my march salary.


Now when I am preparing my accounts for FY 09-10 for filing my returns I am getting jan & feb salary plus my joining bonus. There was no TDS deducted.

When i prepare accounts for FY 10-11 my march salary would come into picture.

How shall i deal with the joining bonus component?

Thanks