Gift vouchers

This query is : Resolved

Sumitha K (Querist)
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08 January 2013 Dear Experts,

Whether issue of sodexo gift vouchers are liable to tax either in case of company or employee. If so what is the limit.Plz advice.

Thanks.

C.L. RAVIKUMAR

C.L. RAVIKUMAR (Expert)
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08 January 2013 both
employee: it is one kind of income therefore taxable

Employer: Gift voucher may be considered as a salary / wages.hence esic / epf / tds may be be attracted.

It is my opinion sir if any thing mistake pl. rectify me.

Thanks.