Deduction of Income Tax on case reward given to employees children

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....eduction of Income Tax on case reward given to employees children<br> Query (Issue) Started By: - Pradeep Jain Dated:- 7-3-2014 Last Reply Date:- 7-3-2014 Income Tax<br>Got 1 Reply<br>Income Tax<br>Si....

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....r, 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 payabl....

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....e thereon. Regards Pradeep Jain Reply By CA GOPALJI AGRAWAL: The Reply: Gift below 5000/- per annum is exempt.<br> Discussion Forum - Knowledge Sharing ....