08 February 2016
The term 'commission' refers to monetary compensation paid to the sales team based on a percentage of the sales price or a set amount for selling a product. 'Incentive' on the other hand is typically used more broadly to describe a commission and many additional forms of remuneration including additional pay, commission, discount, gift coupons, etc.
09 February 2016
Even Mr. Kaviraja's reply looks to be perfect. Normally incentives are paid to employees and commissions are paid to outsiders in the business as well as directors of the company in case of a company registered under the Companies Act.
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