02 September 2008
Pls guide me to understand the tax implication in respect of the Food coupons (SOdexho) given by Company to employees as a part of CTC. 1. R they exempt from tax while calculating TDS from Salary of employees. If yes, to what extent. Pls provide ref. section or rule.
2. R they exempt from FBT for employers ? As per my knowledge food coupons are exempt from tax to the tune of Rs 15600/- (50Rs.*26 working days* 12 Months).