Food Coupons - Income Tax
This query is : Resolved
28 May 2009
Dear Sir,
Please tell me, How much amount can we get tax benfite if we use food coupons
thanks & regards
venkatesh
Please tell me, How much amount can we get tax benfite if we use food coupons
thanks & regards
venkatesh
28 May 2009
We as an employee doesnt get immediate benefit of using Food coupons. It is the employer who decides the amount of food coupons to be given because if benefit,perquisite is provided in other form, it will attract FBT.
If employer is liable to pay FBT for the perqs provided it may force him not to provide perqs and thus may affect employee.
Employee is not eligible for any benefit other than enjoying the Food given through coupons.
If employer is liable to pay FBT for the perqs provided it may force him not to provide perqs and thus may affect employee.
Employee is not eligible for any benefit other than enjoying the Food given through coupons.
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