Determining the reasonableness of the amount of the bonus according to section 36(1)(ii). https://www.taxtmi.com/circulars?id=8847 Assessing officers must determine bonus deductions under section 36(1)(ii) by assessing reasonableness against pay, profits of similar businesses, and industry practice, and must adhere to the Payment of Bonus Act's ceiling or any higher ceiling validly fixed by agreement under that Act when deciding the allowable bonus for tax deduction. en-us Sat, 01 Apr 1972 00:00:00 +0530 Sat, 28 May 2011 14:22:00 +0530 TaxTMI RSS Generator Determining the reasonableness of the amount of the bonus according to section 36(1)(ii). https://www.taxtmi.com/circulars?id=8847 Assessing officers must determine bonus deductions under section 36(1)(ii) by assessing reasonableness against pay, profits of similar businesses, and industry practice, and must adhere to the Payment of Bonus Act's ceiling or any higher ceiling validly fixed by agreement under that Act when deciding the allowable bonus for tax deduction. Circulars Income Tax Sat, 01 Apr 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8847