https://www.taxtmi.com/circulars?id=4814 Deduction for bonus or commission under the first proviso to section 36(1)(ii) is limited to the amount payable under the Payment of Bonus Act, 1965. The deduction is not automatically confined to the statutory minimum; any bonus payable within the Act's prescribed minimum and maximum limits is admissible for deduction when computing taxable business income. en-us Thu, 14 Mar 1985 00:00:00 +0530 Sat, 02 Aug 2008 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4814 Deduction for bonus or commission under the first proviso to section 36(1)(ii) is limited to the amount payable under the Payment of Bonus Act, 1965. The deduction is not automatically confined to the statutory minimum; any bonus payable within the Act's prescribed minimum and maximum limits is admissible for deduction when computing taxable business income. Circulars Income Tax Thu, 14 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4814