Is there tax for gifts given by the company to the employees, what is the minimum gift amount not taxable?

If you get a gift from a company, yes it is taxable and no!! it can be a tax deduction for the company. They will issue a 1099misc for the value of the gift to each person. It is taxable on terms of how ur file ur tax return. The gift amount will work as income, keep in mind that there is two types of income on a tax return, unearn income and earn income. gifts are unearn income. So it may effect your tax liablity and it may not even touch it. It will depend on ur situation. Ex..If you were givin a car, the vaule of the car will be what u pay taxes on. It will calculate as unearn income and that will be what you will pay. But for more dept in this subject read publication 17 on the irs.gov site and look under gifts.