1- under which head gift from employer comes
2- what amount is taxable in case of gift received excess of 50000 rs or whole amount ?
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Gift from employer taxability
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Income from Other Sources
If an individual receives a gift that is worth more than INR 50,000 in a year from a single source, the excess amount over INR 50,000 is taxable. For example, if an individual receives a gift worth INR 75,000 in a year from a single source, the taxable portion of the gift would be INR 25,000 (75,000 - 50,000)
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