Tax on Gift Voucher


This query is : Resolved 

Quick Summary
An employee received a gift voucher worth INR 5800 from their employer and is seeking clarification on the taxable amount. The initial query questions whether only INR 800 or the entire INR 5800 is subject to tax. The expert response confirms that the entire INR 5800 is taxable, with a link provided for further details on fringe benefits and gift vouchers for employees.

(Querist)
28 January 2022 Dear Expert ,

can anyone help me regarding Gift Coupen/Gift Voucher received from employer.

Scenario :

Gift voucher amount is INR 5800/- Taxable only INR 800/- or INR 5800/-.

Please advise. It is bit urgent.

Thank you,
Gorksh Pawar

28 January 2022 Entire 5800 is taxable.

Gorksh Pawar (Querist)
28 January 2022 Dear Sir,
Thank you for your response.
Please share the some rules and notifcatios
Thank you,
Gorksh Pawar

29 January 2022 https://taxguru.in/income-tax/fringe-benefits-gift-voucher-token-employees.html


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