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Former Member
Sep 17, 2007 at 01:58 PM

Indian taxation

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hai everybody

I have got quary that when i am paying one time payment i.e performance incentive. the total tax on the incentive should be deducted on the same month only it should not get prorated. Sap doing the same but when it calculating as per the slab it is including the Cess i.e 3% example

Performance incentive is : 10000

if any employee is 20% slab

His Income tax should be 2000+Cess i.e 60(3%)

Sap doing 1940+60=2000

Remaining Rs60 getting prorated for the whole financial year

i am not finding the reason what it is

my requirement is total tax on one time payment should be 2060 not 2000

Experts can you help me out

Srinivas