Hi Friends,
I have a quary regarding tax limit on sodexo/food coupons for cliaimg Income Tax benefit . I Know that earlier we can issue upto 30,000/- per annuam ( maxmimam Rs. 100/- per day) but recently Income Tax department was given a circular about food coupon stating that the value of food coupons has been decreased , actually I don't know how much value they have decreased . Hence I request to all can any one clarify my doubt regarding the same ?
I would be very very happy if some one give me detailed information about food coupons with letest amendments from Income Tax department.
Regards,
Sravan
From India, Hyderabad
84I have a quary regarding tax limit on sodexo/food coupons for cliaimg Income Tax benefit . I Know that earlier we can issue upto 30,000/- per annuam ( maxmimam Rs. 100/- per day) but recently Income Tax department was given a circular about food coupon stating that the value of food coupons has been decreased , actually I don't know how much value they have decreased . Hence I request to all can any one clarify my doubt regarding the same ?
I would be very very happy if some one give me detailed information about food coupons with letest amendments from Income Tax department.
Regards,
Sravan
From India, Hyderabad
Hi Friends,
Nobody is going to give answer for above question. I have been posting the same question from last 2 days but nobody is going to reply really I am totally disappointed . I expected among thousand of HR cite members at least one friend will be respond. Hence I request to you all can any one please help me in this regard.
Regards,
Sravan
From India, Hyderabad
Nobody is going to give answer for above question. I have been posting the same question from last 2 days but nobody is going to reply really I am totally disappointed . I expected among thousand of HR cite members at least one friend will be respond. Hence I request to you all can any one please help me in this regard.
Regards,
Sravan
From India, Hyderabad
Hi As per Incometax dept website it is up to Rs 50 per day.
Directorate of Income Tax, RSP & PR, New Delhi
Free Meals: The perquisite of free means vary widely from uniform canteen food, coupons etc. to lavish hotel meals. The feature of free meals as a staff welfare measure has been recognised and is exempted upto Rs.35 for each meal by an earlier notification. The new rule allows expenditure on food upto Rs.50/-. Such free or subsidised meal should however be provided at office premises or through non transferable vouchers means for only meals during working hours. These vouchers should be provided by employers encashable only at eating joints. Tea and snacks during working hours are also not charged as perquisite. Also arrangements for meals in ‘remote areas’ and offshore installations shall be exempt. The definition of remote area shall be the same as that associated with the accommodation sub-rule one located at least 40 kilometres away from a town having a population not exceeding 20,000 as per the last published all India census.
From Germany, Dresden
Directorate of Income Tax, RSP & PR, New Delhi
Free Meals: The perquisite of free means vary widely from uniform canteen food, coupons etc. to lavish hotel meals. The feature of free meals as a staff welfare measure has been recognised and is exempted upto Rs.35 for each meal by an earlier notification. The new rule allows expenditure on food upto Rs.50/-. Such free or subsidised meal should however be provided at office premises or through non transferable vouchers means for only meals during working hours. These vouchers should be provided by employers encashable only at eating joints. Tea and snacks during working hours are also not charged as perquisite. Also arrangements for meals in ‘remote areas’ and offshore installations shall be exempt. The definition of remote area shall be the same as that associated with the accommodation sub-rule one located at least 40 kilometres away from a town having a population not exceeding 20,000 as per the last published all India census.
From Germany, Dresden
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