Payment of bonus-Allowability under section 36(1)(ii) of the Income-tax Act, 1961-Regarding

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....mmissioners of Income-tax. Sir, Subject:  Payment of bonus-Allowability under section 36(1)(ii) of the Income-tax Act, 1961-Regarding. Reference is invited to Board's Circular No. 287 dated 4th December, 1980. Under first proviso to section 36(1)(ii) of the Income-tax Act, 1961, deduction for payment of bonus or commission to an employee for services rendered by him is restricted to ....