Diwali, performance, anniversaries, festivals — load any amount up to ₹15,000 per employee per year with nil perquisite value. Spends anywhere RuPay is accepted. Balance never expires.
Under Rule 15 of the Income Tax Rules 2026, gifts, vouchers or tokens given by an employer are valued at nil when the aggregate does not exceed ₹15,000 in the tax year. This applies under both the old and the new tax regime. A cash bonus of the same amount is fully taxable — a gift card is not.
Anywhere RuPay prepaid cards are accepted — Amazon, Flipkart, Croma, Nykaa, Myntra, travel, dining, groceries. No partner-list restriction, no catalogue of fixed items.
Gifts, vouchers or tokens up to ₹15,000 in aggregate per tax year are valued at nil under Rule 15 of the Income Tax Rules 2026. Above that, the full amount becomes a taxable perquisite.
Yes. The gift valuation rule sits in the perquisite rules and applies under both regimes.
No. Gift wallet balance never expires.
Yes. Bulk one-time RuPay gift cards from 100 to 1,00,000 units, co-branded, physical or virtual.
For amounts up to ₹15,000 a year, yes: cash is taxed at the employee's slab, the gift card is not.
15-minute call. We show the exact tax savings for your salary bands and a go-live plan for this month's payroll.