Prize from employer - taxable or not

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Anuja (Querist)
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30 October 2014 If a company conducts a speech competition in which all employees and outsourced workers are invited to participate.
Prize ditributed in cash in such case will be taxable in hands of employee or not ?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 October 2014 it is taxable as part of the salary...

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Prize from employer - taxable or not

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