Diwali bonus can be taxable in your hands: Know when it is taxed and when it is tax exempt

Diwali Bonus is taxable: Around Diwali, employers usually gift their employees either in cash as a bonus or in kind, such as bed sheets, home decor items, etc. However, not many people are aware of the taxation part of the gifts received by their employer. Read on to know the income tax rules regarding Diwali gifts received from employer.

from Tax-Wealth-Economic Times https://ift.tt/yX1gqTh