Perquisites

vaibhav (CA & CS) (577 Points)

02 July 2013  

Dear All,

My company is providing Coupans to  some empolyees of RS 15000 as the yearly reward for doing the best job for the company. These coupans can be used any where to purchase the item upto RS 15000.

 

My query is : who is liable to pay to tax on these coupons ....company or employee who receives the coupans as award ? or this is exempt for both.

Regards.