08-27-2009, 01:24 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br /><b>TAXATION OF BONUS PAID TO CORPORATE EMPLOYEES.
[Section 12 â First Schedule] </b>
A proviso has been inserted in Clause (a) of sub-section (2) of section 20 whereby any bonus paid or payable to a corporate employee receiving salary income of Rs. One million or more (excluding bonus) shall be chargeable to tax at the rate of 30%. This is a one time levy and payable for the tax year 2010 only, so as to support the internally Displaced People (IDPs) for their rehabilitation.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
r u confirmed that the amount of income is 1 million or more <b><b>excluding the amount of bonus</b></b> to employees on which there 30% tax now???
and r u sure about that its <b>till tax year 2010</b> i think its applicable only for tax year 2009...
<br /><b>TAXATION OF BONUS PAID TO CORPORATE EMPLOYEES.
[Section 12 â First Schedule] </b>
A proviso has been inserted in Clause (a) of sub-section (2) of section 20 whereby any bonus paid or payable to a corporate employee receiving salary income of Rs. One million or more (excluding bonus) shall be chargeable to tax at the rate of 30%. This is a one time levy and payable for the tax year 2010 only, so as to support the internally Displaced People (IDPs) for their rehabilitation.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
r u confirmed that the amount of income is 1 million or more <b><b>excluding the amount of bonus</b></b> to employees on which there 30% tax now???
and r u sure about that its <b>till tax year 2010</b> i think its applicable only for tax year 2009...
