My Food helps me to Save Taxes ft. @anushkarathod98 #tax #finance #education #money

Did you know your food can also save taxes?🍱🍱

Many companies provide free meal coupons to their employees as a perk.

These coupons are considered perquisites by Income Tax Act and are tax-exempt up to Rs. 50 per meal in coupon value!!💸💸

However, if the coupon value is more than Rs.50, then the excess value is taxable!😮

But how much tax will you save exactly because of this?

There is a calculator for this,
Just GOOGLE: Sodexo Tax Saving Calculator!

You can use it to estimate how much tax can be saved from these coupons easily.

So, if your company is offering these coupons, take them they might reduce your taxes !!💰💰

Plus who doesn’t like free food!!😉

#anushkarathod #tejasjoshi #finance #taxes #taxsavings #food #perquisites