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Former Member
May 10, 2012 at 10:48 AM

One Time Tax Deduction - For Variable Bonus -Indain Payroll

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Dear Gurus,

We requirement for one Time Tax Deduction for Variable Bonus(Which we generally Pay in September and April of the Financial year ie.twice in a year).The income tax for that amount should be deducted only for the month which pay the amount.However the tax is distributed for remaining months and there is a change in Annual Gross Salary in remuneration statement.

Please help me out of this issue.

Regards

Govardhan Reddy