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Bonus and Self employment

 
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Bonus and Self employment
Goodman
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Posts: 322
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Joined: Mar 2004
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#1
04-05-2004, 10:17 AM
I need some assistance.

Say I am employed by you on the following terms

1. Monthly guaranteed salary Rs 15,000
2. Performance linked bonus is variable and range from Rs 1 to Rs 50,000 per month.

Now 15000 salary could be programmed to 55%, 45% and 10% route.

but performance linked bonus cant, becuase it is variable and Revenue will throw out the 55%, 45% and 10% strategy. By the look of it, the bonus will fall in the salary slab and subject to PAYE deduction. Can any one suggest any possible solution of reducing PAYE liablity on performance linked bonus.


Thanks


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Messages In This Thread
Bonus and Self employment - by Goodman - 04-05-2004, 10:17 AM
[No subject] - by aamersikandar - 04-08-2004, 12:11 AM
[No subject] - by Goodman - 04-08-2004, 02:27 AM
[No subject] - by aamersikandar - 04-10-2004, 11:55 PM
[No subject] - by Goodman - 04-12-2004, 08:18 AM

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