gift by employer to employee

Gift to the employee by an employer is taxable under the head “salary” if it's value exceed Rs 5000 during the financial year. Under this provision gift of any kind is taxable under the head income from salary including voucher or token. Value of such gift in excess of Rs 5000 will be treated as perquisite and taxable in the hands of employee. While deducting tax (TDS) … [Read more...] about Is Gift given to an employee by the employer taxable?