Perquisites

This query is : Resolved 

27 March 2012 I want to know that what should be the treatment if an employee receives the GIFT IN KIND from his employer above Rs.5000 ?
What would be the taxable perquisite...
a)whole amount of gift? or
b)amount exceeding Rs.5000?

29 March 2012 Amount exceeding Rs. 5,000/- will be taxable.

29 March 2012 thank u sir......
but in our study material it is given that if amt exceeds Rs.5000, den it is fully taxable.....????




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