Perquisites - Gift, Voucher or Token - (New) Rule 15(5)(a) / (Old) Rule 3(7)(iv)

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....ployer any  • Gifts • Gift vouchers • Tokens (in lieu of gifts) Exemption Rule • If the aggregate value of all such gifts during the entire financial year is: • ≤ Rs.15,000 → Fully exempt (Nil taxable value) • > Rs.15,000 → Entire amount becomes taxable (not just excess) • Important....