I was just checking my salary slip on new payroll tool and found some interesting things.
There is some ex-gratia 3 amount ( less then rs. 500) and income tax deducted is more then last months (which is unusual as I have declared my fbp and IT declaration in oct only). Upon checking in IT statement found I got gift perk of around rs 4500 but it eas not added to my salary in account. Did anyone know where is this gift perk and how can I use this ?

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Ey gds seems to be a chor company stealing employee money

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I have a brief discussion with finance team they told gift perk ammount shown in IT statement is sum of all gift voucher and award points one had redeemed (not he/she recieved in this FY) in this FY so it is showing as income because gov of India consider gift as income and tax got deducted on that from our salary. Now as the tax amount for gift vouchers is deducted from our salary and company told that it is a gift so what company did is they paid up a certain amount to us in the form of ex-gratia and this ammount is added into our accounts. This ex-gratia ammount is cancelling the ammount deducted in tax so no effect is seen on salary.

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Also what is this ex-gratia ?

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No comments on your wisdom about I am used to these things while I mentioned this is happening first time. May you develop real wisdom and achieve success in your future.

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Then you should have reached out to your talent consultant or hiring manager or should have searched for threads related to your issue or create new one but should not have spammed this thread. This is altogether a different issue. This shows your maturity level, no difference between you and your neighbourhood gossip queen aunts.

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Bhai Rs 500/- k load mat le itna
Phone number dala de comment mai hum sab bhej denga utne paise 😂
Aa Raju yeh kya Global account manager banega re..😂😂😂😂😂😂#herapheri

helpful

Bhai load rs. 500 ka nhi h but jo rs.4214 show ho rhe h IT declaration me as a gift perk and jada income tax deduct hua h uska load h

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Bhai please keep your biased views to yourself only. This is first time happened and I am sure there must be some good reason behind it which I am not able to find as of now. Such chor things never happened with anyone here.

Seems u r used to such things at gds. Global account manager.

May be for the Spot award or other recognitions

Sometimes the amount for awards is received prior to the actual announcement. So it might be there in pipeline 😊

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I also have 6k as gift showing in IT Statement. Any one who seriously know what is happening there. Faltu comments wali aapna time waste na karen.

I saw the similar situation last month in my CY YTD income statement where I noted some perks reflected in HR portal though I clearly remember that I did not received any such amount in form of salary or voucher. Let me also know if someone has any idea.

Yeah for me too showing 6k gift but havent received anything recently

I guess it is because of the vouchers (Diwali + Rewards) we had received. This is strange, I guess vouchers should not be considered as a taxable income, if so then why to give vouchers just add the amount in our salary.

I raised a ticket to finance team , they said the spot award or the gift coupon is included in form 16/ it statement . The service charges on gift perk has been grossed up and tax on this amount has been paid to you as exgratia3.
But why we didn't get the gift perk in salary😑

@hospibiz1 please have some maturity before telling anybody about their concepts and invest your time in study. Tax paid means that the tax deducted from your salary is being paid by company in the form of ex-gratia so it is always called tax paid.
Also tax is always paid to gov, perspective is what defines the choice of words like if company is giving back your tax in any form it is always tax paid, from individual perspective tax is a deduction and gst is what we always pay so perspective is important always.

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