Section 43b
Siddesh D Thakkar (CA, CS) (38 Points)
25 October 2016
Do Incentives are covered under Bonus for purpose of sec. 43B allowance ?
Siddesh D Thakkar (CA, CS) (38 Points)
25 October 2016
Mohan
(Accounts Mgr)
(209 Points)
Replied 25 October 2016
I think the Incentive includes in Bonus. To avail tax deduction U/s 43B the employer should pay the incentiveamount
to the employees. Whatever named it is in general incentive gives on performance/target base and Bonus gives on periodical / profitability.
Hence the Incentive also covered under Bonus..
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