03 December 2008
Previously we are giving food coupons to our employees and now we are crediting the amount of food coupons in their salaries. I want to know that can we give food coupons amount in cash or can we credit the amount to therir salary accounts. So can they claim food coupons allowances.
03 December 2008
If you will cedit the coupen amount into their salaries, it will be treated as food allowance, which is fully taxable in the hands of employees.
However if you will give food coupens or provide the food in the office that will be exempted up to rs. 50 per meal in the hands of employees.
CAclubindia
