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i got incentives from my employer on 30th April 2012 for sales performance during the FY 2011 12. They deducted TDS immediately and deposited to the Income tax authorities on the same day. Have they done correctly or they should have shown this income as having earned in FY 2012 13

Either way is correct, what really depends is in which Financial Year they have deposited the Tax.
If they have deposited the Tax wrt Financial Year 2011-12, then you will have to show the same this year when you file the return and in case if they have deposited tax wrt Financial Year 2013-14 then you would have to account for the same when you file the return next year.
Regards
Jiten.

Any amount paid by the employer to employee the same will be added in your Gross Salary and TDS deduction on the basis of the applicability of the same in the financial year. Ramakant
I don't know about this tds rules regarding this but i will know one thing tat they will not able to remit tat amount on the day. they can able to pay it upcoming month (May) between 1 to 7th day
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