Income tax/gift tax
This query is : Resolved
07 December 2010
Due to some extraordinory performance, employer is given the employee gift in kind worth INR 500,000.
Please let me know the applicablity of tax and also the treatment if tax is applicbale.
Please let me know the applicablity of tax and also the treatment if tax is applicbale.
07 December 2010
495000 shall be treated as salary and be taxable as slab rate
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