Dear All,
Let us say ABC is at a salary of Rs. 65,000/- p.m., we show Rs. 2500/- as Food Coupons as a part of his CTC in his appointment letter.
But tax exemption limit is 1350/-
can i wil issue the food coupons for the month of Rs.2500 or Rs.1350. Please suggest me!!!!!!!!
Regards
Arun
CAclubindia
