Food coupons

This query is : Resolved

nitin (Querist)
Follow

12 August 2010 If a comapny provides Sodhexo coupons of Rs.1200 per month to its employees, will it be exempt from tax in the hands of employees? These coupons can also be used at retail outlets for buying items other than edible items like garments, etc.
As per perk rules it is allowable to the extent of Rs.50/- per day for meals.Practically, these coupons are given by the comapny to its employees and are used by employees for purchase of various items other than meals also and treated as exempt from tax. Further can food coupons of Rs.1200 p.m. and gift vouchers of Rs.5000 per annaum be given to employees and treated as tax free?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

12 August 2010 As per act, Meals facility provided during the office hours and Rs.50 per meals only. but practically as human during office hours one meals is can be considered as exemption as normal course of life.

Other Gift vouchers, up to Rs.5000 exempted if, exceed it will be taxable (excess amount)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

DHANASHRI KARMARKAR

CA Aakarsh Jain

Michael & Co.

divakar podaturu

sachingurav

Subscribe Now

Food coupons

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA