24 November 2009
I am working in a Pvt Ltd Company. Company providing Meal Coupon (Sodexo Voucher) to employees. Whether it is taxable income for the employee or exempted from tax. Kindly clarify Tax implication on Food voucher given by Company to employee.
24 November 2009
As per sec 17 clause 2 upto Rs 50 per day is exempted. if it is more than 50 than it will be considered as a perquisities for a employee.As per example X is getting lunch cupons from his employee for rs 2,500 per month.Rs1,500 will be exempted & Rs 1000 will be taxable
CAclubindia
