Food coupon/ meal voucher valuation / Taxability under Income Tax Act | SIMPLE TAX INDIA-TDS RATE INCOME TAX RATE

Food coupon/ meal voucher valuation / Taxability under Income Tax Act | SIMPLE TAX INDIA-TDS RATE INCOME TAX RATE: "The above rule (Rule 3(7)(iii)) states that value of free food and non-alcoholic beverages or meal vouchers provided by the employer is exempt from income tax to the extent of Rs. 50 per meal."