Hi everyone I have taken food card and pm 4000 deducted from my salary for it... I am in doubt that can I claim it in deductions or it is included in standard deduction of 50000. Plz suggest me appropriate step for it.
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Food card from Hdfc deduction
Replies (3)
Quick Summary
Such food coupons are Taxable As Perquisite in the Hands Of The Employee.
However, such meal coupons are tax EXEMPT up to Rs 50 Per Meal.
A calculation based on 22 working days and 2 meals a day results in a monthly benefit of Rs 2,200 (22*100). Consequently,
the exemption works up to Rs 26,400(yearly).
However, such meal coupons are tax EXEMPT up to Rs 50 Per Meal.
A calculation based on 22 working days and 2 meals a day results in a monthly benefit of Rs 2,200 (22*100). Consequently,
the exemption works up to Rs 26,400(yearly).
Ok so where to claim this deduction. In sec 10 in others exemptions column .Am I right.
You will get partly exemption of perquisite under section 17(2).
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