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TAX FREE DIWALI GIFT FOR YOUR EMPLOYEES!

Gift Below Rs.5,000 on any Ceremonial Occasion Treated as a Tax Free Perk for the Salaried “If you give what can be taken, you are not really giving,” quoted the noted Sufi author Idries. If you as an employer are trying to think of giving something to your employees during the coming festive season, out of which even the Taxman cannot take anything, here is a smart idea! Rule 3(7)(iv) of the Income-tax Rules...

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