Aslef said in a statement: "The union balloted its 2,200 Underground drivers and they returned a 92.3% vote in favour of action. The company is currently offering no additional payments for working on Boxing Day. The union says its members require 'substantial incentives' to attend."
Aslef added that further action was scheduled for 16 January, 3 February and 13 February.
London Underground said the vote was not a resounding vote in favour, with only 42% of Aslef's Tube drivers voting for a strike and less than 1,000 members took part in the ballot.
London Underground (LU) claims that Aslef is seeking triple-time pay and an extra day off for members working on Boxing Day. Howard Collins, LU's chief operating officer, said there was a "longstanding" agreement between LU and unions over working on bank holidays.
He added: "It is disgraceful for the Aslef leadership to threaten strike action while we are engaged in continuing discussions on this issue. The threat of strike action will not achieve anything and I urge Aslef to join us in our commitment to resolve this matter through discussions."
Sadly if the action goes ahead, it is likely to bring widespread disruption because the union represents 2,200 out of LU's 3,400 drivers. At the moment the RMT union, which is the second largest driver union at LU, has not balloted its members on the dispute. But one imagines they will support fellow union members and refuse to cross any picket lines.