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Production Incentive Scheme

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This query is : Resolved

Rajpreet Singh (Querist)
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04 March 2009 Dear Sir,
Please advice me can a customised production incentive scheme be formed in a firm in which monthly incentives will be paid to workers if production exceeds the target production for that particular month. what is the maximum that a firm can provide incentive

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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04 March 2009 Yes, you can frame such type of schemes. There is no specified limit as such, but this should be justifiable as it will be the part of salary and be taxable in the hands of employee.

CA LOKESH KASAT, FCA, M.Com

CA LOKESH KASAT, FCA, M.Com (Expert)
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04 March 2009 For this, you have to apply a appropriate costing Procedure and after considering your min profit margin you can do so.
Their are lots of factor.
You requir a tema of expert for this, just for sake of your information My firm is providing this type of professional service in Rajasthan.
If you are interested you can contact me on 09887570010

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