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Issue ID : 106595
- 0 -

Deduction of Income Tax on case reward given to employees children

Date 07 Mar 2014
Replies1 Answers
Views 1681 Views
Asked By

Sir,  Our  Company give cash reward/prize to the children of employees every year  who has got more percent from the prescribed limit. Will this amount will be part of Employee CTC and income tax is payable thereon. Regards  Pradeep Jain

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Replied on Mar 7, 2014
1.

Gift below 5000/- per annum is exempt.

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