Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

Award in cash by employer is taxable ?

Others 460 views 3 replies

Anita Sehgal

3 Points Posted on 31 July 2019

Award in cash by employer is taxable ? if no what Is the limit of taxable income in this regard. Thanks

Replies (3)

CA PREM KUMAR

Chunduru & Co

296 Points Posted on 31 July 2019

any

Chandu

Ca

29 Points Posted on 31 July 2019

Any cash gift received from employer is fully taxable under the head salaries even if it's received during marriage. however if it is received in kind then value upto 5000 is exempt if the value exceed 5000 then fully taxable

Anita Sehgal

3 Points Posted on 01 August 2019

Thanks. Award for appreciation of specific task comes under salary or covered under Rs 5000 limit.

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Topic

More recent discussions | Post

Related Topics

Latest Job Openings

View all

14 May 2026

Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details

22 May 2026

Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

27 May 2026

Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details

14 May 2026

ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details

ARTICLESHIP 14 May 2026

CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details

09 June 2026

Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details

14 May 2026

Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details