Good Morning !!
Can anyone confirm the limit of Gift Vouchers can be claimed by an employee in a financial year. As i could see multiple definitions while googling it. Have attached both the versions for your reference. As we have been extending exemptions to employee's up to 5K and say if the amount is 10K balance 5K is taxable as per his slab. As in one of the attachment it shows that the if the value exceeds 5K entire 10K is taxable. Hence, i have requested for views.
From India, Madras
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Can anyone confirm the limit of Gift Vouchers can be claimed by an employee in a financial year. As i could see multiple definitions while googling it. Have attached both the versions for your reference. As we have been extending exemptions to employee's up to 5K and say if the amount is 10K balance 5K is taxable as per his slab. As in one of the attachment it shows that the if the value exceeds 5K entire 10K is taxable. Hence, i have requested for views.
From India, Madras
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