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Diwali Gifts to Employees: The New ₹15,000 Tax-Free Limit
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Diwali Gifts to Employees: The New ₹15,000 Tax-Free Limit
Two employees in the 30% tax slab each get ₹15,000 from their company this Diwali. One gets it as an e-gift voucher and keeps all of it. The other gets a cash bonus and keeps ₹10,320.That ₹4,680 gap comes from the Income-tax Rules, 2026, which the Central Board of Direct Taxes (CBDT) notified on 20 March 2026 and which apply from 1 April. Under them, gifts, vouchers and tokens from an employer are valued at nil for the employee as long as their …
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