I am staying in Chennai and works for an MNC company (IT/ITes). What is the maximum amount we can get as part of Food coupons in our salary. My company pays me Rs.2000 for which I have to pay no tax. However, some other companies pays Rs.3500 as food coupons with no Income tax. And another company where my friend works pays Rs.5000 as food coupons.
Also let me know whether we can verify this section on some online websites?
Thanks 4th February 2014 From India, Chennai