Hi Friends, I have a query regarding the tax limit on Sodexo/food coupons for claiming Income Tax benefits. I know that earlier, we could issue up to 30,000/- per annum (maximum Rs. 100/- per day), but recently the Income Tax department was given a circular about food coupons stating that the value of food coupons has decreased. Actually, I don't know how much value they have decreased. Hence, I request that everyone clarify my doubts regarding the same.
I would be very, very happy if someone gave me detailed information about food coupons with the latest amendments from the Income Tax department.
Regards,
Sravan
I would be very, very happy if someone gave me detailed information about food coupons with the latest amendments from the Income Tax department.
Regards,
Sravan