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Rs.5000/- food coupons income tax exempt from salaried indiv

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 September 2013 1. Salary Restructuring

Restructuring your salary may not always be possible. But if your company permits, or if you are on good terms with your HR department, restructuring a few components could reduce your tax liability.
• Opt for food coupons instead of lunch allowances, as they are exempt from tax up to Rs 60,000 per year
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 September 2013 Food coupons exempted for Rs.50 per meal for meals provided during office hours. and fixed food allowance is fully taxable

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