Taxability of gift card
This query is : Resolved
20 June 2014
Sir
The Gift cards issued by an employer to employees as an incentive for achieving the business targets - is it taxable in the hands of employees ?
Will there be any difference in treatment if the Gift card does not have a facility of cash withdrawal
Request an expert opinion
Regards
RV Pai
The Gift cards issued by an employer to employees as an incentive for achieving the business targets - is it taxable in the hands of employees ?
Will there be any difference in treatment if the Gift card does not have a facility of cash withdrawal
Request an expert opinion
Regards
RV Pai
20 June 2014
CARD ON ACHivement of target is taxable as salary part.
but if it is gift on ceremony when up to Rs. 5000/- will be exempt per year per employee. if gift in cash not exempt.
but if it is gift on ceremony when up to Rs. 5000/- will be exempt per year per employee. if gift in cash not exempt.
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