Meal & Gift Voucher paid by employer are treated as pequsites in the purview IT Act.However As per IT
Rule (Rule 3(7)(iii)) states that value of free food and non-alcoholic beverages or meal vouchers provided by the employer is exempt from income tax to the extent of Rs. 50 per meal.
The value of any gift, or voucher, or token in lieu of which such gift may be received by the employee or by member of his household on ceremonial occasions or otherwise from the employer, shall be determined as the sum equal to the amount of such gift. The perquisite is taxable. Where, however, the value of such gift, voucher, or token, as the case may be, is below Rs. 5,000 in the aggregate during the previous year, the value of perquisites shall be taken as Nil.
Therefore it will Appear in Form 12BA