Performance based incentive

3128 views 3 replies

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
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details