Are non cash incentives taxable?
This query is : Resolved
28 October 2009
Hello,
My question is if a company gives its employees a non cash gift such as books, music CDs, flowers or cakes will it be considered a perquisite and be taxable? Further are non-cash incentives taxable?
thanks
Sandeep
My question is if a company gives its employees a non cash gift such as books, music CDs, flowers or cakes will it be considered a perquisite and be taxable? Further are non-cash incentives taxable?
thanks
Sandeep
CA SANJAY MUKHERJEE
(Expert)
29 October 2009
Upto 5000 tax free, So cost of total gift less Rs. 5000 p.a. = Taxable perquisite
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