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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2011 if the employer gives gift to employee Rs.50000 on the occasion of marriage of employee.
what is the taxable amount?
under which head? salary or other source?
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Ravikant

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Ravikant (Expert)
11 July 2011 It is taxable under Other Sources if total exceeds Rs.50,000
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