Gift to employee

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 November 2016 Dear All
We have given the gift to employee
Rs. 6500 pls tell me weather only
5000 or full 6500 will be taxable in the
Hand of employee

Best Regards
Sunita jeswani

16 November 2016 Only 1500 will be taxable in the hand of employee. Rs 5000 is exempted.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 November 2016 Sir gift upto 50000 is exempt in out of blood relation
Weather this gift of 6500 can be consider
As out of blood relation to be exempt full
6500

16 November 2016 The provisions of gift to employees only applicable here.


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