FBT on Sodexo Food Coupens post FBT abolishment

New rules on valuation of perq. provide following...

(iii) The value of free food and non-alcoholic beverages provided by the employer to an
employee shall be the amount of expenditure incurred by such employer. The
amount so determined shall be reduced by the amount, if any, paid or recovered
from the employee for such benefit or amenity:

Provided that nothing contained in this clause shall apply to free food and nonalcoholic
beverages provided by such employer during working hours at office or
business premises or through paid vouchers which are not transferable and usable
only at eating joints, to the extent the value thereof either case does not exceed
fifty rupees per meal or to tea or snacks provided during working hours or to free
food and non-alcoholic beverages during working hours provided in a remote area
or an off-shore installation.

So i guess Rs. 1500 will be exempt if we count 50x30days (although this is debatable).. Rs 1250 (50x25) will be more appropriate (if org is big and coupon is given to lot of employees)