Food Vouchers Xls Download

Hi, We have introduced Food Vouchers as a part of Compensation for employees. If any one can pl suggest how the same can be reflected in the salary slip of employees?
13th February 2007 From India, Bangalore

Hi,
You can show it under reimbursement as fringe benefit (FBT). There is a tax relaxation on food voucher reimbursement. I am attaching a sample CTC structure with all details and tax benefits. Hope this helps.
Best regards,
Partha.
13th February 2007 From India, Calcutta

Attached Files (Download Requires Membership)

copy_of_ctc_structure_297.xls (17.5 KB, 1324 views)

Hi Radha/NSN
Thanks for your appreciation. you can also write to me for any help; I will be more than happy to deliver. I work as a freelance HR consultant for various organisations. We can collectively grow our HR community.
13th February 2007 From India, Calcutta

Hi partha Its really very good. I have still some quiries. If you dont mind can i expect help from u
2nd March 2007 From India, Hyderabad

Hi Sameemani, please write your queries to me or share it on this cite. I will be more than happy to help you. Regards, Partha.
6th March 2007 From India, Calcutta

I am working in the software company as HR & operations executive.
This is a startup company. I want to design a salary structure and also compensation policy and also the employee benefit policy. I have enough knowledge on this but still i need help from somebody .
I will be thankful to you if you help me in this regard. How should i go with this.
Thnaking You
Sameera S
7th March 2007 From India, Hyderabad

Hi Partha,
The information is really useful but i had a doubt, with regards to Meal voucher i heard there is a limit of 1100/1250 worth coupon for a month, per employee. Is that true. Please confirm.
Thanks
JJ
23rd March 2007

Hi JJ,
Please refer to the finance Act, 2005.
In terms of the provisions of sub- clause (II) of clause (B) of sub-section (2) of section 115WB, any expenditure on or payment made through paid vouchers which are not transferable and used only at eating joints or outlets, is not liable to FBT. (There is no limit to this as of now).
Hope this helps!
Thanks & regards,
Partha.
26th March 2007 From India, Calcutta

Hi Sameera,
I can contribute towards ur work only if I know the company process and ideologies . You can send me a rough draft of your work and I can add on that or take one at a time and discuss about your specific doubts. As you know most of it I believe you are already doing a good job.
Regards,
Partha.
26th March 2007 From India, Calcutta

HI, As indicated by Jayanthi, the maximum amount towards food vouchers is Rs 1100/- Regards, Manoj
26th March 2007 From India, Ujjain