Trending @Accenture; Need information on rewards points
I Completed My one year in Accenture and I have got 250 reward points I want to redeem it but it showing that If I redeem it .
There are chances of getting Tax in it.
Wanted to redeem it but don't know if the tax amount will applied to it !!!
You can go to allsec and utilities and Forms and Navigate to gift report
There you can see all the redeemed vouchers. So vouchers anything more than 5k per year will be taxable inside or outside of Accenture doesn't matter.
Once you redeem it will be added to your taxable income. 250 RP is 1000 Rs Approx. So this 1000 Rs will be added to your Taxable income. If you CTC is below 7.5 LPA, then you don't need to pay any tax. Else, Whatever tax Bracket you fall in, The tax will be deducted in next month salary.
If the amount you will reedem is more than 5k in a year then it will be taxable else it will not be taxable.
You can check All sec portal as well for confirmation
Path : Utilities and Forms -> Gift Report
