Meal coupons taxability
2 meals per day for 20 working days in a month excluding holidays, Saturdays and Sundays. This is because the amount payable to employee under the meal voucher head may not correspond to the meal voucher denominations available. You can imagine the quantum of tax savings. 50, 20, 10 and.
Driver / Chauffeur Salary: If your company agree to provide chauffeur to run the car than driver salary is also excluded from taxable income as a perquisite. The perquisite valuation rule (Rule 3 (7) (3) of the Income Tax Rules) governing provision of food and food coupons is as follows. Hence, if you opt for, meal, vouchers @. The perquisite valuation rule governing issuance of meal vouchers is as follows. 3,000 per month (for 30 days) and hence meal vouchers are exempt to the extent. It can help in tax savings towards salary of domestic servant. They can be used in any shop designated as a Food and Beverage outlet. 50 per meal translates into.
However, if free meal (i.e., food and non-alcoholic beverages) voucher such as Sodexo Pass, is provided by the employer during office hours at office or business premises, up.50 per meal given to the employee is exempt from tax. The income tax of India recognizes these food coupons or meal vouchers as a tax exempt entity. The amount of coupons you avail are not included in your taxable salary. So, the amount you would normally paid as income tax would land up in your pocket to spend!
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In addition, the meal vouchers issued to employees should be non-transferable and used only in eating joints. Most of the big grocery chains like Big Bazaar, Reliance Fresh including dining restaurants like Mc Donalds and Pizza Hut, KFC accept these. 100 per gettysburg pa attractions coupons day (assuming two meals per day) and finally into. The logic behind Rs 2000 food coupons is that employer can provide non-transferable paid vouchers which can be used only at eating joints / buy food items. Movable Assets of Employer: Recently there was lot of buzz on byod.e. 50/- per meal x.
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