I work with an IT Firm and am currentyl working on the Salary Structure for the Org.
I wish to know that what is the maximum limit of food vouchers that can be provided to an employee to save tax and can and employee opt for the limit of food vocher as per his convenience?

From India, Lucknow
Dear Friends
From 1.4.09 the food allowance per day is Rs 50/- per day (for say 25 days in a month) for an employee which will not be included in calculating his taxable income.
Over & above that, would be taxable as perquisites as per Income Tax.
One can give Sodehxo ,Accor, & such coupons.

From India, Mumbai
Dear Chitra, It is Rs.2500/- per month maximum. You can also offer Rs.5000/- gift voucher once in a year. Parag
From India, Vadodara
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