What is the prize money for Bharat Ratna?
The recommendations for the Bharat Ratna are made by the Prime Minister to the President, with a maximum of three nominees being awarded per year. The recipients receive a Sanad (certificate) signed by the President and a peepal leaf-shaped medallion. There is no monetary grant associated with the award.
Which award has highest prize money in India?
The Bharat Ratna is the highest civilian award of India which was first awarded in 1954. Click here to check facts on the Bharat Ratna and the list of Bharat Ratna awardees till date..
What is Bharat Ratna benefits?
The Bharat Ratna awardees are entitled for a diplomatic passport. Diplomatic passport entitles them for a separate immigration counter, access to VIP lounge in the airports etc. Apart from this, the Indian Missions abroad extend them all possible support in their visits abroad.
Who got first Bharat Ratna?
Rajendra Prasad on January 2, 1954. 2. The Bharat Ratna can also be awarded to non-Indians as there is no written rule against the same.
Does Bharat Ratna pay tax India?
When is the award tax-free? Awards given in public interest by the Central or State Government or any other body after approval from the Government are tax-free. For instance, the Bharat Ratna award received by Sachin Tendulkar from the Government of India is tax-free.
What is the prize money in Arjuna Award?
Rs 15 lakh
The Arjuna Award was instituted in 1961 by the Government of India to recognise outstanding achievement in national sports events. The award carries a cash prize of Rs 15 lakh, a bronze statue of Arjuna and a scroll of honour..
Does Bharat Ratna pay tax?
Awards given in public interest by the Central or State Government or any other body after approval from the Government are tax-free. For instance, the Bharat Ratna award received by Sachin Tendulkar from the Government of India is tax-free.
How many got Bharat Ratna?
Rajagopalachari, philosopher Sarvepalli Radhakrishnan, and scientist C.V. Raman. Since 1954, Bharat Ratna Award has been presented to 45 individuals including 12 who were granted posthumous awards. Former Prime Minister Lal Bahadur Shastri became the first individual to be honoured posthumously.
Does award money count as income?
Merchandise or products won as a prize or award will be considered at the fair market value and could also be considered taxable income. The fair market value of that gift would be included in the employee’s gross income as well and reported on their W2 form.
Does Nobel Prize money get taxed?
The Nobel Prize – If you were selected for this prestigious honor, worth $1.08 million in 2014, you must pay taxes on it. Other awards that recognize your accomplishments, such as the Pulitzer Prize for journalists, are also taxable. That’s what President Obama did when he was awarded the Nobel Peace Prize in 2009.
Who are the winners of the Bharat Ratna Award?
Bharat Ratna is awarded in recognition of exceptional service/performance of the highest order in any field of human endeavour. Pranab Mukherjee, Nanaji Deshmukh, Bhupen Hazarika are latest recipients of this prestigious award in the year 2019.
What was the original design of Bharat Ratna medal?
Bharat Ratna medal The original 1954 specifications of the award was a circle made of gold 1 3⁄8 inches (35 mm) in diameter with a centred sun burst design on the obverse side. The text “Bharat Ratna”, in Devanagari Script, is inscribed on the upper edge in silver gilt with a wreath set along on the lower edge.
Who is the only Pakistani to receive Bharat Ratna?
Dilip Kumar greets Khan Abdul Ghaffar Khan at Meenambakkam Airport, Chennai ( c. 1960 ). Kumar is the only Indian recipient of Pakistan’s highest civilian award, Nishan-e-Imtiaz, whilst Khan is the only Pakistani recipient of India’s highest civilian award, Bharat Ratna.
Which is the highest civilian award in India?
Bharat Ratna is the highest civilian honour, given for exceptional service towards any field of human endeavour, without distinction of race, occupation, position or sex. The provision of Bharat Ratna was introduced in 1954.