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Are non cash incentives taxable?

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(Querist)
28 October 2009 Hello,

My question is if a company gives its employees a non cash gift such as books, music CDs, flowers or cakes will it be considered a perquisite and be taxable? Further are non-cash incentives taxable?

thanks
Sandeep
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
29 October 2009 Upto 5000 tax free, So cost of total gift less Rs. 5000 p.a. = Taxable perquisite

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