Posted On:  2 years ago

Tax Implications on Joining Bonus

Some of my Clients asked about tax implication on joining bonus.So i am sharing Tax Implication on Joining Bonus. Joining bonus is an amount paid to a new employee by a company as an incentive to join them. Normally employer pays a lump sum amount at the time of joining to lure experienced peoples from the competition.

article author Varma Alluri

Posted On:  3 years ago

Compensation received on denial of appointment is not taxaable

Profit in lieu of salary u/s 17(3) should be interpreted strictly without deviating from the basic concept of Salary i.e. there must be employer employee relationship

article author SACHIN SINHA