If employer gives any gift below 5000,
perquisite is taken as nil.
if employer gives abv5000 i.e,10000
den the 10,000 will b taxable or the xtra 5000 ????
Ashish Jain
(.Net Developer)
(641 Points)
Replied 25 March 2011
exempt limit is allowed on gift and extra is taxable.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)