11 August 2023
Hi As per our quarterly performance our company is paying sales incentives. However this incentive is getting calculated as part of salary every month it gets credited. This is increasing my overall tax calculation.
I wanted to know if this is the right way. Because when payment are made to Chanel partner TDS of 5% is deducted for those payouts. Can’t the same happen for us . Please give the right way to approach this.
11 August 2023
Whether your TDS is deducted at slab rate or at 5% flat rate, overall it doesn't make difference, as while filing ITR the aggregate income will be taxed at slab rate only.
CAclubindia
