Performance based incentive

FRIENDS !

I WANT TO KNOW IS PERFORMANCE BASED INCENTIVE TAXABLE?

IF YES THEN UNDER WHICH HEAD?

ACTUALLY COMPANY IS DEDUCTING TAX ON THIS PERFORMANCE BASED INCENTIVE BUT , COMPANY IS NOT PAYING THIS INCENTIVE TO ME ?

IS TAX DEDUCTION POSSIBLE WITHOUT PAYING ME ANY INCENTIVE?

IF NOT WHAT I SHOULD DO ?

Replies (3)

i think it will charge under section 28, performance based incentives are taxable... and TDS will be based on is nature...

 

 

rectify if i am wrong...

yes it is taxable

I think it is TAXABLE Under head INCOME FROM SALARIES,U/s 17(2) as PERQUISITE,as any

other benfit or amenity or any privilege provided by EMPLOYER to Employee Under Arms length Transaction being at market value as reduced by employees contribution .

IF ANY WRONG IN MY ANSWER PLZ RECTIFY n INTIMATE THE SAME TO ME.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details