Deduction u/s 80c
This query is : Resolved
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?
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
no food coupon can not be claimed as deduction.
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06 August 2014
mam,
i have studied that their are some exemption available in food coupons upto Rs 50/- per meal?
i have studied that their are some exemption available in food coupons upto Rs 50/- per meal?
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.
this i have copied from profit.ndtv.com
1)Opt for food coupons instead of lunch allowances, as they are exempt from tax up to Rs. 50 per meal.
this i have copied from profit.ndtv.com
06 August 2014
Food coupons are not covered by 80C
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06 August 2014
Food Coupons cannot be shown for deduction u/s 80C.
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