Payment of bonus-Allowability under section 36(1)(ii) of the Income-tax Act, 1961-Regarding

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..... ) of the Income-tax Act, 1961-Regarding Circular No. 414 Dated 14/3/1985 To All Commissioners of Income-tax. Sir, Subject: Payment of bonus-Allowability under section 36(1)(ii) of the Income-ta .....

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..... payable as bonus depending on the circumstances of the case. Deduction under first proviso to section 36(1)(ii) of the Income-tax Act is not necessarily restricted to the minimum of 8.33% of the sala .....

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