TaxTMI 
TaxTMI 
Avoid Tax on Rewards from the company
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....void Tax on Rewards from the company<br> Query (Issue) Started By: - Poobalan Rathinam Dated:- 9-4-2012 Last Reply Date:- 11-4-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>Hi Experts, I need one o....
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....f your advise here. I'm working in a company for 8 years and due to my hard work and long tenure the company has announced an award worth 1 lac. I was happy that i would be receiving 1 lac as i have s....
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....o many financial problems to be solved. But, i came to know that even that 1 lac would be taxed with 30% and i might get only 70k out of it which made me feel bad. Could anyone guide me to give me an....
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.... option where I can get the 1lac without any tax. If avoiding tax is inevitable, can I ask the company to provide me as 50k voucher worth products (TV/fridge/etc) and 50k worth on a holiday travel vou....
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....cher in which way i would be utilizing the 1lac without any tax in other form. Your reply to this will be highly appreciated. Regards Balan Reply By r.rajkumar kumar: The Reply: every think is ta....
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....xable in the hands of empoyee.hence i suggest the company may sent you on official business out side india or take onlake and pay tax .and enjoy the balance. tax may come 20%or 30%depends on your sala....
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....ry barcket. tks<br> Discussion Forum - Knowledge Sharing ....