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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 ..... Avoid Tax on Rewards from the company X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 receiving 1 lac as i have ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 anyone guide me to give me a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 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 worth on a holiday travel vo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ucher 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 kumar: The Reply: every think is t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axable 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 come 20%or 30%depends on your sal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ary barcket. tks X X X X Extracts X X X X X X X X Extracts X X X X
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