Tds on incentive

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2015 Dear experts,
my company has given RS. 40000 incentive to security agency for their best performances, please tell me weather TDS is to be made on this 40000 incentive or not if yes how much and which section it will cover,

thank & regard
Mansi mittal

26 September 2015 TDS is required to be deducted if payment is made in persuance of contract. The payment is not a payment made in persuance of a contract. On a strict reading of the provision, it appears that TDS is not applicable. Still, it is better to deduct TDS to avoid dispute with the department.



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