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of <h1>Supreme Court: Incentive Bonus Not Taxable</h1> The Supreme Court of India dismissed the appeal concerning tax on an incentive bonus paid by a company to employees. The Court held that the bonus, tied ... - The Supreme Court of India dismissed the appeal regarding the levy of tax on an incentive bonus paid by a company to its employees. The Court found that the incentive bonus was not paid on a regular basis as it was linked to production exceeding a specified minimum quantity, and thus did not fall within the definition of 'salary' or 'wage' for tax purposes. The appeal was dismissed, and no costs were awarded.
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