hi
can u tell want is the exemption amount for food coupons in perquite.
how much is exempted and how much is the taxable/
surya narayana rao (manager - finance) (37 Points)
04 May 2010hi
can u tell want is the exemption amount for food coupons in perquite.
how much is exempted and how much is the taxable/
CA Shiv
(Business Controller)
(2987 Points)
Replied 04 May 2010
above Rs. 50 per meal is taxable to employee.....so its better to issue of Rs. 50 per meal only.... if its more than have to deduct tds on it and than issue.. as there is no FBT now.
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 04 May 2010
exempt amount is not exceeding rs.50 per meal (i.e taxable amount only in excess of rs.50 per meal as reduced by amount paid by employee
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