Gold coins service award

Hi,

Our company gives gold coins as long service award. Now will it become taxable on the hands of employees. If so what is the tax rule in this regard.

Please advice.

asked Mar 18 '13 at 16:16 by Gurukul 1871513


If the value of such gift received from employer exceeds Rs 5,000, the entire gift value will be taxable in the employee's hands.

answered Mar 19 '13 at 15:43 by pankaj 5.2k320

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Asked: Mar 18 '13 at 16:16

Seen: 1,106 times

Last updated: Mar 21 '13 at 17:16