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TAXATION ON GIFT VOUCHERS
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...- Income Tax Calculator 2026: Compare your income tax liability on Rs 15L, Rs 20L, Rs 30L and Rs 50L CTC under new vs old tax regimeThe Income Tax Rules, 2026 introduce significant benefits for salaried employees, including expanded HRA and meal card tax advantages. Thes...
- Big tax savings in old tax regime: Monthly hostel allowance of Rs 9,000; savings of Rs 89,000 on Rs 15 lakh salary, check the impact of draft income tax rules 2026New draft income tax rules for 2026 suggest higher limits for several allowances. Taxpayers in the old tax regime can save more income tax ...
- Gift vouchers won't attract GST, clarifies CouncilThe GST Council declared that voucher transactions will not be subject to GST, providing relief to retailers. This decision clarifies that ...
- Diwali bonus can be taxable in your hands: Know when it is taxed and when it is tax exemptDiwali Bonus is taxable: Around Diwali, employers usually gift their employees either in cash as a bonus or in kind, such as bed sheets, ho...
- Received Diwali Bonus via cash, gift card, e-voucher, prepaid cards? Know how much income tax you will have to payMultiple corporate and some government employees would have received their Diwali bonus. Further it is not always necessary to receive Diwa...
- On offer: Govt mulls some relief on levy of GST on vouchers and gift cardsSome vouchers have GST levied on them at the time of purchase, which leads to double taxation when they are used to buy goods or services t...
- Crypto taxation in India: What NRIs needs to knowIndia has clarified the tax implications of Virtual Digital Assets (VDAs), including cryptocurrencies and non-fungible tokens, brought unde...
- To pay or not to pay: High Court decides on the levy of GST on vouchersThe ever-growing demand of vouchers is being satiated by companies who procure vouchers from their issuers and supply them to buyers. Till ...
- Will you be taxed if you get Diwali gifts?Find out about the people who can give you tax-free gifts and the gifting threshold that will not invite any tax.
- Sustainability is the theme for corporate gifting across India Inc this DiwaliBesides the sustainable gifts, companies are also giving experiential gifts like travel or stay at a hotel to employees, especially as the ...
- Definition of non-fungible tokens as per CBDT: Here's what is not taxed as NFTsEffective from FY 2022-23, gains from virtual digital assets, cryptos and non-fungible tokens or usually known as NFTs (that will be notifi...
- Is receiving money from friend through e-wallet taxable?Through e-wallets and UPI, it has become easy to send and receive money through your phone. Often, debts to friends may be settled in this ...
- Budget 2015: GST could be key to unlock issues faced by e-commerce sectorThe e-commerce sector is eagerly looking forward to the upcoming budget to address the concerns and act as a business catalyst for the sect...
- Perks to burn bigger hole as pre-FBT norms returnPerks such as cars, rent-free accommodation, stock option plan, etc have become taxable in the hands of employees now. Final worth of your ...
- FBT shadow hangs over your salary slipGovt to announce norms for FBT that have become taxable in the hands of employees after a change effected in the 2009-10 Budget. Fact sheet...
- How does FBT abolition impact you?While, this is good news for employers, employees would now be liable to pay income-tax on such benefits as perquisites. Where to save tax ...
- Employees will now have to bear the FBT burdenEmployees enjoying perks such as rent-free accommodation, cars, credit cards and club memberships may have to pay tax on these. Budget 2009...
- Avoid gifts in cash to stay outside taxman's radarA fool judges people by the gifts they give him, says a Chinese proverb. The proverb would not stand its ground in India, thanks to the tax...
- Perks tweaked in line with FBTThe government has notified revised rules for perquisite valuation in line with its bid to make perks taxable.
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