Tax Rebate – Food Bill

Do You want to Save Tax of 20250.00 on addition to the existing claims. Please read below

Food Bill Claim

Although you have the Food Coupon allowance, if you include food allowance in your CTC you can claim the tax benefit upto 20250.00/-.

Eligibility for Food Bill Claim

If you have Food Bill Allowance in your CTC you can claim the exemption. Some Companies will not include the component in CTC but they allow to submit the bill and get the tax claim.

Deduction limit under Food Bill Claim

Your taxable income can be reduced by minimum Rs. 60,000 for food bill claim. To get this rebate you must declare it while filing Income Tax Return. Your taxable income reduces by the amount you claim as exemption.

How to get Bill Claim tax benefit

You can get food bill tax deduction for expense by self and dependents  by submitting proofs to the HR so they adjust that while applying TDS on your salary or if you miss it you can still claim it while filing income tax returns.

Final comment By LtaBillMedicalBill.com

30% Tax Amount(50000 * 30%)           = 18000.00
Service Tax on Tax 15% on above          = 02250.00
Total Tax Saved                                  = 20250.00

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