Tax for incentives
This query is : Resolved
27 January 2014
Sir
Is the incentives paid to employees taxable under the Income tax Act. If so at what rate?
Thanks
Is the incentives paid to employees taxable under the Income tax Act. If so at what rate?
Thanks
27 January 2014
Hi
Yes, it is taxable. It should be taxed @ normal rate at which salary is taxed.
Thanks
Yes, it is taxable. It should be taxed @ normal rate at which salary is taxed.
Thanks
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