Insentive
This query is : Resolved
29 February 2012
Dear sir,
I want to paid my five staff member & director 100000/- insentive, we give this type insentive to them & how pass entry & in which head i mention as a bonas or insentive this income show in employee from 16 please guide me in this matter
I want to paid my five staff member & director 100000/- insentive, we give this type insentive to them & how pass entry & in which head i mention as a bonas or insentive this income show in employee from 16 please guide me in this matter
12 May 2012
You can show it either as bonus or incentive.
The same is taxable in the hands of the employees. Accordingly it will be added to salary income and TDS shall be calculated on the aggregate income including the bonus.
Such bonus shall also be shown in Form 16.
The same is taxable in the hands of the employees. Accordingly it will be added to salary income and TDS shall be calculated on the aggregate income including the bonus.
Such bonus shall also be shown in Form 16.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- Article ship defecit
- Query regarding TDS on EPFO Higher Pension Arrears*
- Annual return of gst limit
- Post Office RD Interest
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
