WHY FOOD COUPON and WHY NOT TAX FREE MEALS ALLOWANCE TO EMPLOYEES ?
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If the RBI and Income Tax Authority feel food is must to live and to work the way conveyance allowance is must to reach the office. Then why so much intermediaries for Food coupons or paperless card through different vendors to make the life even more complex for the employees. Anyway in most of the cases this amount is not provided to employee as fringe benefit. It is the same amount deducted from the employees salary as meal vouchers. I think food is even more compulsion than conveyance allowance. So I should say amount for the food in the name of meals vouchers should be made tax free without any hassles. For the conveyance some amount per month has been identified for which no proof required similarly some amount per month to employee can be decided which should be tax free without any proof. After food required by all and all have to pay for this ....
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