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Meal voucher limit
Dear all as per the income tax act there is no ceiling on meal vouchers this year. but will you advise as to the ceiling limit on the meal vouchers to be given to employees? thanks and regards praveen
Meal voucher limits reduced to rs 50 per day
Came to know from my payroll agency as well as from my ca that there is a new ruling on meal vouchers limiting them to rs 50 per meal. spoke to the meal voucher provider and they seem to be advicing for more than one meal per day and hence we can safely provide rs 100 per day. my payroll agency as well as ca are saying that if a normal working day is of 8 hours officially how can you provide more than one meal a day? the meal voucher provider has denied providing a legal opinion on this that they used to provide earlier from credible legal firms. am stuck as i have already given my employees about rs 100 per day and this ruling is effective april 2009. i are terribly stuck i don t want to tax the employees on meal vouchers in excess of rs 50 that they have enjoyed as a tax free perk since the begining of this fiscal. can anybody guide me on how you have been able to handle this without an employee irate? i want to solve this and am resolved to remove this perk from the next fiscal. are there any other alternatives?
Sodexo meal passes taxed in ay 2010-2011?
Hi all please let me know if the sodexo meal coupens are taxed in the ay 20102011 for the f.y april 09 to march 10. we give out meal coupens worth rs 1100 per employee. thanks anupama
Meal vouchers - exempt from tax or not?
Dear members: i request you kindly clarify if meal vouchers offered to employees by employer as part of salary are exempt from taxable income or not. would appreciate a response with references and examples. finally i would like to thank and appreciate the founders of this forum for providing it as a effective platform for hr fraternity. regards ravikanth
Meal voucher - tax exmption for employee
Dear all as per notification referred by me meal voucher issued employees for any amount no max limit is exempted from fbt for the employer. however nowhere it is mentioned upto what amount it is exempted from income tax in the hand of an employee. can somebody give some idea on this with proof/notifications. regards jossy
Meal voucher acceptance being discontinued by modern retail chains
for hr new year jolt to employees modern retail outlets like bigbazaar more etc. put up notices in their stores. and vouchers acceptance stopped w.e.f 1st jan 2012. our camp card solutions meal card customers not affected...