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Meal Allowance Exemption
Is meal allowance exempt from Tax and if yes what is limit of exemption ?
Replies (2)
Quick Summary
Yes Meal allowance is exempt upto Rs. 50 per meal
Food allowance can be given by the employer through the provision of food at working hours or through pre-paid food vouchers/coupons. For Example, vouchers (not transferable) are tax-exempt to the extent of Rs 50 per meal.
Food allowance can be given by the employer through the provision of food at working hours or through pre-paid food vouchers/coupons. For Example, vouchers (not transferable) are tax-exempt to the extent of Rs 50 per meal.
Sir. Which section does Meal Allowances speak! kindly clarrify
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