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(Querist)
07 October 2010 If a person receives Rs.5,000 on the occasion of Silver Jubilee of the company..& its stated that this uniform amount is given to each employee on this occasion .....Then is it taxable ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 October 2010 My view it is a gift, so up to Rs.5000/- not taxable,

Amount given for offical uniform is no taxable
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CA Ronak Jain

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CA Ronak Jain (Expert)
08 October 2010 It is as good as Bonus and hence it is taxable..
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