Hi, I would like to know if incentives are taxable. We receive incentives based on the business we generate, and it varies month to month. I want to clarify whether these incentives are subject to taxation.
You need to be specific about what kind of incentives you are talking about. I also suggest you browse the site to get all the details. If you still have issues, we can discuss them.
Incentives are part of your income. If you are above the tax slab, the incentives are taxable as per applicable slab rates.
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