Income tax on sales incentives received by my employer
This query is : Resolved
09 January 2021
Hi there,
I receive a percentage of the total sales value as commission in addition to my monthly salary. I want to understand if this commision is taxable? and if yes, what are the tax slabs, if any?
I receive a percentage of the total sales value as commission in addition to my monthly salary. I want to understand if this commision is taxable? and if yes, what are the tax slabs, if any?
09 January 2021
Turnover based commission income in your case will be considered as income from salary and will be taxed accordingly
09 January 2021
Thank you, Srinivas. Now, what would that accordingly be? Is there a slab that it follows?
10 January 2021
There's no separate tax slab for salary income. it's applied as per the total income only. You need to show the commission under the income from salaries and the utility will calculate accordingly
10 January 2021
Thank you, Srinivas.
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