TaxTMI 
TaxTMI 
TaxTMI 
TDS on Bonus.
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....DS on Bonus.<br> Query (Issue) Started By: - Pratyush Parashar Dated:- 7-5-2013 Last Reply Date:- 13-5-2013 Income Tax<br>Got 3 Replies<br>Income Tax<br>Dear Sir, Company declares performance bonus i....
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....n the month of June'13 for the Financial Year 2012-13. What would be the tax treatment (TDS) for this bonus? Whether TDS is deducted for the FY 2012-13 or FY 2013-14? Reply By rosy sachdeva: The Repl....
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....y: Dear Sir If the amt of bonus liability determined in March 13 ,we should deduct TDS & deposit by April 13 ,file our return by 15th May 13 & may actually pay in June 13 However if there is no TDS....
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.... liability for Bonus then we can book the liability even for 2012-13 in June 13 but if there is TDS liability then also we can book it but the return may either be late sent or they will be revised &....
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.... expense booked for 2012-13 Reply By Deepak Whorra: The Reply: This reply does not answer the question but raises more issues Reply By sanjeev bajaj: The Reply: Performance Bonus to employees is p....
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....art and parcel of Salary assessable under the Head "Income under the head Salary" hence tds has to be made u/s 192,of the Income Tax Act, 1961 which allows the deduction of tax at the time of payment.....
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.... Hence, TDS at the time of payment<br> Discussion Forum - Knowledge Sharing ....