06 August 2014
sir, my salary contains Rs 18000/- as Food coupons, and i have Rs 25000/- as deduction u/s 80C i want to know can i claim these food coupons as deduction u/s 80C?
06 August 2014
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. 1)Opt for food coupons instead of lunch allowances, as they are exempt from tax up to Rs. 50 per meal.
CAclubindia
