Diwali bonus: Will your festive payout be taxed? What salaried employees need to know

1 week ago 7

Diwali cash bonuses from employers are taxed as salary at the employee’s applicable tax rate. Here's when gifts are exempt from tax and how to report it in ITR. 

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Diwali bonus: Will your festive payout be taxed? What salaried employees need to know

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