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Gift vouchers

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(Querist)
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.
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C.L. RAVIKUMAR

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C.L. RAVIKUMAR (Expert)
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.

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