Allowance u/s 10
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2013
Upto what extent is Meal vouchers or Food Coupons exempted? Is it exempted totally?
06 July 2013
The value of food coupons issued by the employer, redeemable only at eating joints, are exempt from tax as long as the value of the food coupons does not exceed Rs 50 per meal. For details please refer proviso to rule 3(7)(iii) of Income tax Rules,1962.
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