Hello,
A Salesman receives Salary from his employer. Apart from this, he also receives incentives. Are these incentives fuly taxable? Is there any exemption in this regard under 'Income from Salary'?
3 Replies
CA Hardik Bunha
(self)
(2121 Points)
Replied 09 January 2013
if he receives incentive then this incentive will be taxable under head business or profession OR other sources.
yashsr
(CA)
(2285 Points)
Replied 09 January 2013
I'm pretty sure this will taxable under 'Salary' since the person is an 'employee'. Can you please confirm?
CA. Divya Kalra Mishra
(Chartered Accountant)
(77 Points)
Replied 09 January 2013
Incentives earned by an employee shall be a part of salary and therefore,fully taxable under the head salary and there is no exemption.
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