Gift Cards: Smart Way to Manage Spending & Save Tax

• Employer-provided gift vouchers are tax-free up to Rs 5,000 per financial year.
• Save tax by receiving vouchers instead of salary; for a 30% slab, this means Rs 1,500 in tax savings.
• Practical for routine expenses like groceries, fuel, and online purchases, helping manage daily spending.
• Employees can strategically plan their spending around these cards for household needs.
• Proposed changes could increase the tax-free limit for employer-provided gift vouchers.