https://www.taxtmi.com/caselaws?id=14582 Incentive bonus paid to Development Officers of LIC was treated as salary because it arose solely from their employment and fell within the inclusive definition of salary, including commission and profits. Once classified under the head 'Salaries', the amount had to be computed under the salary provisions, and no separate threshold deduction for expenses incurred in earning the bonus was permissible without a specific statutory allowance or exemption. The view that only net incentive bonus could be taxed was rejected, and the entire bonus was held assessable as salary in full. en-us Fri, 13 Oct 2000 00:00:00 +0530 Fri, 17 Jul 2009 12:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14582 Incentive bonus paid to Development Officers of LIC was treated as salary because it arose solely from their employment and fell within the inclusive definition of salary, including commission and profits. Once classified under the head 'Salaries', the amount had to be computed under the salary provisions, and no separate threshold deduction for expenses incurred in earning the bonus was permissible without a specific statutory allowance or exemption. The view that only net incentive bonus could be taxed was rejected, and the entire bonus was held assessable as salary in full. Case-Laws Income Tax Fri, 13 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14582