Dear Mr. Veeram,
Thanks for the detailed explanation, one final question.
If they run off-cycle bonus in the month of jan, the tax on bonus would changed right ? As they calculated tax on bonus for offcycle bonus on a excelsheet and paid the employee the net about as many of the employees who were under annual income of Rs 5,00,000 got a tax credit of Rs2000 in secondary wage type /434, what is the solution for it.
Thanks for your support.