Today news
About the same in other media
14.11 - 08:31
Received Cash, Car or Gold as Diwali Bonus From Your Employer? Check Income Tax Implications
Reading now: 646
Most of the companies offer Diwali Bonus to their employees. The Bonus is generally provided in cash. Some companies also provide Diwali Bonus in kind. While it is the employee’s prerogative to decide on how to spend or use the Diwali Bonus, it is important to be aware of the income tax rules that apply to the bonus provided by the employer. In an email interaction with FE Online, Dr Suresh Surana, Founder, RSM India, explained the various tax implications on Diwali Bonus received by employees from their employers. Excerpts:
What are the tax rules that apply to Diwali Bonus?
As per the provisions of IT Act, Bonus received by an employee in the form of cash shall be chargeable to tax under ‘Income from Salary’ and the same would be subjected
Read more on financialexpress.comAbout this in other media
Senior Citizens Tax-Saving FDs: Check which banks are offering interest rates up to 7% financialexpress.com /3 years ago
New Fund Offer: PGIM India MF launches India’s first Global Real Estate Securities Fund; check details financialexpress.com /3 years ago
Diwali Bash: Online sales surge as people from smaller cities go digital financialexpress.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
