Incentive to Marketing people
This query is : Resolved
21 August 2008
Incentive is being paid to Marketing people after the end of the year based on sales achieved by them. Sometime this incentive is called bonus.
Should one consider this under the head 'Salary' for TDS purpose? For YES or NO kindly give reasons.
Thanks.
Should one consider this under the head 'Salary' for TDS purpose? For YES or NO kindly give reasons.
Thanks.
21 August 2008
yes TDS to be deducted on gross amount
21 August 2008
Dear sir,
Thanks for your reply.
I am aware that TDS is to be deducted on gross amount. My question has two parts. They are -
1)Under which head TDS is to be deducted.
2)The reasons for above answer.
KINDLY Answer BOTH questions.
Thanks
Thanks for your reply.
I am aware that TDS is to be deducted on gross amount. My question has two parts. They are -
1)Under which head TDS is to be deducted.
2)The reasons for above answer.
KINDLY Answer BOTH questions.
Thanks
21 August 2008
"Salary" as defined u/s.17(1) includes
wages,fee, commission, perks, profit in lieu of salary etc., so the TDS needs to be deducted under the head salaries.
wages,fee, commission, perks, profit in lieu of salary etc., so the TDS needs to be deducted under the head salaries.
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