claim for performance incentive

[mishra2010]

Hi,
Apart from my monthly salary, I have also earned performane based incentive every month. I can arrange for an employer letter stating my incentives earned. I also have my bank statements wherein it was credited.
Can I claim for my performance based incentive? Please let me have your feedbacks.

[tvn_ramesh]

If your performance based incentive is a part of your salary package /contract and is mentioned/taxed in your payslips n that NET Salary corroborates with bankstatements NET, your good to ahead

Hi,
Apart from my monthly salary, I have also earned performane based incentive every month. I can arrange for an employer letter stating my incentives earned. I also have my bank statements wherein it was credited.
Can I claim for my performance based incentive? Please let me have your feedbacks.

[mishra2010]

Thanks for your quick response!
Yes, the incentives are part of my salary package. But they are not mentioned on my payslips. My salary gets credited to my bank account on every 7th. And incentives gets credited on every 25th. Salary is supported by payslips and bank statements. However, for incentives I have the bank statements. We do not get any month on month slips from the employer declaring incentives. But am arranging an original letter from the employer stating the incentives earned every month. Will this not suffice? Should I also attach my letter of employment with salary package description (which says that Iam liable for monthly incentives upto 5k depending on my performance)? will this then suffice to claim points on incentive?
Please advise.

[mishra2010]

Requesting Seniors to please reply on my above query. I will be thankfull. I hope I have made my question clear.

Thanks in advance!

[ChetanOjha]

Thanks for your quick response!
Yes, the incentives are part of my salary package. But they are not mentioned on my payslips. My salary gets credited to my bank account on every 7th. And incentives gets credited on every 25th. Salary is supported by payslips and bank statements. However, for incentives I have the bank statements. We do not get any month on month slips from the employer declaring incentives. But am arranging an original letter from the employer stating the incentives earned every month. Will this not suffice? Should I also attach my letter of employment with salary package description (which says that Iam liable for monthly incentives upto 5k depending on my performance)? will this then suffice to claim points on incentive?
Please advise.

Yes. that will be fine. Get letter from employer which will be corroborated by bank statement and you are good to go. You can also get monthly gross and net figure as shown in the template here and add one additional column for your incentive.

[mishra2010]

Thanks a lot.. chetanojha

I had already prepared this template for it to look simpler.
Thanks for your quick response.

[tvn_ramesh]

Thanks for your quick response!
Yes, the incentives are part of my salary package. But they are not mentioned on my payslips. My salary gets credited to my bank account on every 7th. And incentives gets credited on every 25th. Salary is supported by payslips and bank statements. However, for incentives I have the bank statements. We do not get any month on month slips from the employer declaring incentives. But am arranging an original letter from the employer stating the incentives earned every month. Will this not suffice? Should I also attach my letter of employment with salary package description (which says that Iam liable for monthly incentives upto 5k depending on my performance)? will this then suffice to claim points on incentive?
Please advise.

As suggested by Chetan.. go ahead with the Employer's letter which covers both your Salary and Incentives covered and NET amounts matching/corroborating with the bankstatements.. in which case you do not need to submit the salary slips anymore...