Food Plus Card
This query is : Resolved
16 June 2008
Dear all,
please advice me on whether Food Plus Cards issued to employees are liable for exemption under Income Tax Act? if yes, then under which section??
Thanks & Regards
Davison Mathew
please advice me on whether Food Plus Cards issued to employees are liable for exemption under Income Tax Act? if yes, then under which section??
Thanks & Regards
Davison Mathew
16 June 2008
If these are FOOD COUPENS useble only at food outlets and non transferable than Its liable for exemption under Income Tax Act.
12 July 2012
Food Plus card that will be beneficial as the upper limit for non-taxability there is Rs.36000/- p.a
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