https://www.taxtmi.com/forum/issue?id=105648 Bonus payable to employees is taxable as Income under the head Salary and subject to withholding tax deducted at the time of payment under the salary TDS provisions. If the bonus liability is determined before the fiscal year-end, the employer should deduct, deposit and report TDS according to regular timelines; if determined only at payment, TDS is required at payment and employers may need to book the liability or revise returns to reflect the earlier-year obligation. en-us Tue, 07 May 2013 14:44:33 +0530 Thu, 23 Jan 2025 15:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105648 Bonus payable to employees is taxable as Income under the head Salary and subject to withholding tax deducted at the time of payment under the salary TDS provisions. If the bonus liability is determined before the fiscal year-end, the employer should deduct, deposit and report TDS according to regular timelines; if determined only at payment, TDS is required at payment and employers may need to book the liability or revise returns to reflect the earlier-year obligation. Discussion-Forum Income Tax Tue, 07 May 2013 14:44:33 +0530 https://www.taxtmi.com/forum/issue?id=105648