Is payment of bonus by a firm included/excluded domestic income of India?
Is payment of bonus by a firm included/excluded domestic income of India?
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Yes,
It will be included in the domestic factor income as it is a part of the compensation of employees.
Explanation:-
Payment of bonus is the part of compensation of employees.
COE is included in the domestic income through the Income Method.
Domestic Income = Compensation of Employees + Mixed Income + Rent + Interest + Profit
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