Regarding sudexho meal coupons

Rajesh Kumar jakka (Querist) 01 February 2010 This query is : Resolved
Dear Expert,

Are Sudexho meal coupons taxable under Income Tax Act? if it so, what is the limit per day and per month?

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A V Vishal (Expert) 01 February 2010
Meal vouchers are included in the salary breakup to reduce the tax liability of the employees. It is exempted up to 15000/- per annum. The calculation is as follows Rs.50 per day for 25 working days in a month for 12 months.ie 50*25*12=15000/-. Any amount over and above 15000/- in an year will be charged to taxable salary of the employees. So if you are paying Rs.1500 per month as food coupon Rs.250/- will be chargeable to tax in each month.

Raj Kumar Makkad (Expert) 01 February 2010
Vishal has solved this question in a very good manner.

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