Bonus
Bonus is taxable on receipt basis and is included in the gross salary in the year in which the bonus is received.
Fees & Commissions
Any fees or commission received by the employee or receivable by the employee is fully taxable and has to be included in gross salary. Commission may be a fixed amount per annum or may be a percentage of turnover or net profit. However, the same is taxable under the head "Salaries" when it is received or receivable by the employee.
Bonus is taxable on receipt basis and is included in the gross salary in the year in which the bonus is received.
Fees & Commissions
Any fees or commission received by the employee or receivable by the employee is fully taxable and has to be included in gross salary. Commission may be a fixed amount per annum or may be a percentage of turnover or net profit. However, the same is taxable under the head "Salaries" when it is received or receivable by the employee.
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