Hi, We have introduced Food Vouchers as a part of Compensation for employees. If any one can pl suggest how the same can be reflected in the salary slip of employees?
From India, Bangalore
You can show it under reimbursement as fringe benefit (FBT). There is a tax relaxation on food voucher reimbursement. I am attaching a sample CTC structure with all details and tax benefits. Hope this helps.
Best regards,

From India, Calcutta

Attached Files
File Type: xls copy_of_ctc_structure_297.xls (17.5 KB, 1321 views)

Hi Radha/NSN
Thanks for your appreciation. you can also write to me for any help; I will be more than happy to deliver. I work as a freelance HR consultant for various organisations. We can collectively grow our HR community.

From India, Calcutta
Hi partha Its really very good. I have still some quiries. If you dont mind can i expect help from u
From India, Hyderabad
Hi Sameemani, please write your queries to me or share it on this cite. I will be more than happy to help you. Regards, Partha.
From India, Calcutta
I am working in the software company as HR & operations executive.
This is a startup company. I want to design a salary structure and also compensation policy and also the employee benefit policy. I have enough knowledge on this but still i need help from somebody .
I will be thankful to you if you help me in this regard. How should i go with this.
Thnaking You
Sameera S

From India, Hyderabad
Hi Partha,
The information is really useful but i had a doubt, with regards to Meal voucher i heard there is a limit of 1100/1250 worth coupon for a month, per employee. Is that true. Please confirm.

Hi JJ,
Please refer to the finance Act, 2005.
In terms of the provisions of sub- clause (II) of clause (B) of sub-section (2) of section 115WB, any expenditure on or payment made through paid vouchers which are not transferable and used only at eating joints or outlets, is not liable to FBT. (There is no limit to this as of now).
Hope this helps!
Thanks & regards,

From India, Calcutta
Hi Sameera,
I can contribute towards ur work only if I know the company process and ideologies . You can send me a rough draft of your work and I can add on that or take one at a time and discuss about your specific doubts. As you know most of it I believe you are already doing a good job.

From India, Calcutta
HI, As indicated by Jayanthi, the maximum amount towards food vouchers is Rs 1100/- Regards, Manoj
From India, Ujjain

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