Meal Vouchers

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Ajith Kumar (Querist)
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06 November 2008 Hi,
Can the employer provide meal vouchers like Sodexho coupons as part of the CTC.

If yes is there any limit or condition to be satisfied for getting the Tax exemption like Rs.50 per meal.

if the Company provides free canteen facility or in case the meal voulchers can not be used in the Company canteen, as he is not a affliate of the sodexho stll can it be exempted from IT.

is FBT payable on the above meal vouchers provided.

Sanjay

Sanjay (Expert)
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06 November 2008 - Yes empoyer can provide meal vouchers as part of CTC
- There is no limit or condition to be satisifed
- FBT is payable on the meal vouchers by the employer.
- Where free canteen facility is provided, logically a meal voucher is not required. So that way this item could be questioned for qualifying under FBT (in the assessment)for not being taxed at the tax applicable on salary at 30% plus SC plus CESS.