Food Coupons / Vouchers

Tax Glossary Definition

Food Coupons / Vouchers

Food Coupons / Vouchers are meal-related perquisites provided by employers to employees. As per Section 17(2) of the Income Tax Act, the value of such meal vouchers is exempt up to ₹50 per meal, and any amount beyond this limit is taxable as salary income.

Example: If an employee receives food vouchers worth ₹2,500 per month, only the portion within the ₹50-per-meal limit is exempt; the remaining amount is taxable.

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