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Incentives pay in other mode of payment

This query is : Resolved

Sunil Naidu (Querist)
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30 October 2020 One Company is giving gifts or gifts voucher or any mode of payment instead off paying sale incentive to employees.

Whether this payment attracts tds deduction liability ? Further, under which section tds liability arises ? Can you give me reply for the same ?

Thanks in advance....

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 October 2020 Such gifts upto 5000 in a year is exempt. TDS applicable under salary head of it exceeds exemption limit.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 October 2020 Such gifts upto 5000 in a year is exempt. TDS applicable under salary head of it exceeds exemption limit.

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