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TMI BlogAvoid Tax on Rewards from the companyX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi Experts, I need one of your advise here. I'm working in a company for 8 years and due to my hard work and long tenure the company has announced an award worth 1 lac. I was happy that i would be r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eceiving 1 lac as i have so many financial problems to be solved. But, i came to know that even that 1 lac would be taxed with 30% and i might get only 70k out of it which made me feel bad. Could an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yone guide me to give me an option where I can get the 1lac without any tax. If avoiding tax is inevitable, can I ask the company to provide me as 50k voucher worth products (TV/fridge/etc) and 50k wo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rth on a holiday travel voucher in which way i would be utilizing the 1lac without any tax in other form. Your reply to this will be highly appreciated. Regards Balan - Reply By r.rajkumar kuma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r - The Reply = every think is taxable in the hands of empoyee.hence i suggest the company may sent you on official business out side india or take onlake and pay tax .and enjoy the balance. tax may ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... come 20%or 30%depends on your salary barcket. tks - Avoid Tax on Rewards from the company - Query Started By: - Poobalan Rathinam Dated:- 9-4-2012 Income Tax - Got 1 Reply - Income Tax - Discus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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