can anyone help me regarding Gift Coupen/Gift Voucher received from employer.
1) What is the maximum limit of Gift Coupen given to employees ? 2) Taxability of Gift Coupen ? 3) Its coming under salary or Perquisites ? 4) Non cash gift is taxable ?
29 October 2015
If the aggregate value of gift received by the employee from employer, during the previous year, does not exceeds Rs. 5,000/- then such Gift is not taxable in the hands of employee. If gift received during the previous year exceeds Rs. 5,000, then whole amount of gift received will be chargeable to tax.
CAclubindia
