In this video, we break down the taxation of gifts, vouchers, and tokens received from your employer under Rule 3(7)(iv) of the Income-tax Rules.
Learn when such gifts are considered tax-free and when they become taxable. We’ll explain the threshold for gifts below ₹5,000, how the value is treated as a perquisite, and what happens when the value exceeds this limit.
If you're receiving gifts or vouchers from your employer, watch this video to understand their impact on your taxes!
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