Award in cash by employer is taxable ?
Anita Sehgal (3 Points)
31 July 2019
Award in cash by employer is taxable ? if no what Is the limit of taxable income in this regard. Thanks
3 Replies
Chandu
(Ca)
(29 Points)
Replied 31 July 2019
Any cash gift received from employer is fully taxable under the head salaries even if it's received during marriage. however if it is received in kind then value upto 5000 is exempt if the value exceed 5000 then fully taxable
Anita Sehgal
(3 Points)
Replied 01 August 2019
Thanks. Award for appreciation of specific task comes under salary or covered under Rs 5000 limit.
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