Dear All Seniors, Greetings of the day!
Our organization wants to provide Food coupon for free as well as petrol coupons to our employees. Hence, kindly let me know the PF and Income Tax applicability on Food coupons and petrol slips (used for personal & Official purpose). Also want to know the impact in Salary slips of the both. Please do the needful on urgent basis.
From India, Pune
17Our organization wants to provide Food coupon for free as well as petrol coupons to our employees. Hence, kindly let me know the PF and Income Tax applicability on Food coupons and petrol slips (used for personal & Official purpose). Also want to know the impact in Salary slips of the both. Please do the needful on urgent basis.
From India, Pune
Hi Sandeep,
If your company wants to provide food coupans and Petrol coupans for free then it will not be taxable at certain limit. PF will not be affected.
Petrol used for office purpose will be considered as expenses reimbursement and not allowance.
Salary slip structure will remain same.
Let other senior members also reply on this.
From India, Pune
If your company wants to provide food coupans and Petrol coupans for free then it will not be taxable at certain limit. PF will not be affected.
Petrol used for office purpose will be considered as expenses reimbursement and not allowance.
Salary slip structure will remain same.
Let other senior members also reply on this.
From India, Pune
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