These cards work like debit card and any amount can be swiped. Lets say that you have made a purchase of Rs. If you use one more Rs. They can only return the change using Food coupons. Or what you can simply do is pay Rs. A complaint needs to be lodged with the designated Manager in your company who will then pass this on to coupons issuer company. Keeping the food inflation in mind, it is certainly not a bad idea to avail of food coupons and get extra purchasing power in your hands.
This money is obviously your own money and there is nothing wrong in saving tax the right way.
Most of the companies today have food coupons as part of their salary packages to help increase the take home pay of the employees. But in case your company does not have this facility, you need to convince your HR team. Our company does not provide the food coupons or any meal coupons. Can you please clarify how much maximum exemption a person can claim for meal vouchers as per income tax act?
If you have read the article above, all information has been already given and answers your question. Hi Anil according to the article the max. Select your city to start shopping. Sorry, we do not deliver in the selected location. Please Try again. Your basket is empty. Never miss a great news story! Get instant notifications from Economic Times Allow Not now. Swiggy customers can now pay through Sodexo meal cards. Sodexo adds Innoviti tie-up for digital switch. Sodexo partners with Mswipe for wider acceptance of meal cards.
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ET NOW. Pinterest Reddit. By Payal Ganguly. The feature is live in over 10 corporate offices, said the company representatives. Paytm app currently has over million users. Digital wallet player Paytm has rolled out the Food Wallet feature on the Paytm app meant for corporates to issue tax-free employee benefits such as meal coupons and food vouchers. The new line of business will compete directly with existing players like Sodexo and Ticket Restaurant which issue physical coupons at present.
With this feature the employers can directly top-up the credits for their employees on a flexible daily, monthly or quarterly basis. Employers can use their laptops to instantly transfer money to food wallets of employees based anywhere in the country without any hassles of procuring, handling and distributing bulky coupons and cards. The Food Wallet comes with the complete suite of in-app security featu res available on Paytm such as app lock password, two-factor authentication and passcode among others," said Kiran Vasireddy, senior vice president at Paytm.
ET reported in March that RBI has issued guidelines for all prepaid meal vouchers to go digital by end of with companies like Sodexo and others already moving to a prepaid card format. With this launch, Food Wallet is targeting the 6 million employee base.
Vasireddy added that the Food Wallet was launched at the right time, helping employees track their expenses. The feature also allows employees to track available balance and locate outlets which would accept the payment using the nearby feature on the wallet. The wallet can be used at office cafeterias and at an online and physical outlets part of the Paytm network. Are you a Business Owner?
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Mail This Article. My Saved Articles Sign in Sign up. Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others. Your Reason has been Reported to the admin. To see your saved stories, click on link hightlighted in bold. The new wallet feature is currently live in over 10 corporate offices.
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