Tag Archives: tax savings

As part of the salary, many companies give meal vouchers (famous one is Sodexo coupons) to the employees. Are such vouchers free from taxes? Here are some points about it   Tea or snacks provided by the employer during office hours is exempt from tax   Meal or lunch allowance …

  House Rent Allowance (HRA) is an allowance (part of the salary) given by an employer to an employee to meet the cost of renting a home. HRA is a taxable receipt in the hands of the employee. However, section 10(13A) of the Income Tax Act grants exemption in respect …

Introduction: As per section 80C (1), “In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted, in accordance with and subject to the provisions of this section, the whole of the amount paid or deposited in the previous year, being …