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About this tool
Plan festival spending across gifts, food, travel, decor and clothing, with a gift-tax check and the monthly saving it needs.
A festival budget planner multiplies out the two numbers that make gift spending overshoot — how many people and how much each — and adds them to food, travel, decor, clothing and donations, with a contingency buffer on top. The total is compared against a cap you set and against a month's take-home pay, then converted into the monthly saving needed before the festival. It also flags any gift above ₹50,000 per recipient, the threshold at which section 56(2)(x) of the Income-tax Act makes gifts from non-relatives taxable in the recipient's hands.
Open Festival and Gifting Budget Planner on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
People × amount each is where the budget breaks; the tool computes it group by group.
Set the number you refuse to cross and see immediately how much room is left.
A gift over ₹50,000 to a non-relative or an employee triggers a note, before the money is spent.
Gifts from persons who are not 'relatives' as defined in section 56 of the Income-tax Act are taxable in the recipient's hands as income from other sources once the aggregate received in a financial year exceeds ₹50,000 — and then the whole aggregate is taxed, not just the excess. Gifts from specified relatives and gifts received on the occasion of the recipient's own marriage are outside the charge. This is general information, not tax advice.
Under Schedule I of the CGST Act, gifts by an employer to an employee not exceeding ₹50,000 in value in a financial year are not treated as a supply, so no GST arises on them. Above that value the GST position changes, and separate perquisite rules can apply under income tax. Check with a tax professional before a large employee gifting programme.
There is no rule, but a workable discipline is to treat the whole season as a single planned goal inside the discretionary part of your budget rather than as unbudgeted spending across several weeks. Setting a cap and saving towards it over three or four months is what stops the season being funded by credit.
Decide the per-person gift amount and the recipient list before you shop, not while you shop — that is the calculation this tool forces. A stated cap, a contingency line for the invitations you did not expect, and money set aside in advance remove the two usual failure points.
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