Taxability of Gifts

1. Generally, any amount received as gift from an employer, if the monetary value of the gift exceeds Rs. 50,000 then the entire value of gift will be taxable as gift u/s 56(2)(x). 
2. However, an exemption was provided where such gifts are received on occasion of the marriage of the individual. 
3. In your case, Rs. 1 lakh gift was on occasion of marriage hence it will not be taxable in the hands of the employee. 
Please correct me if the above solution has an alternative view.