🚨 Big Update for Salaried Professionals! 🚨 If you use meal cards or food vouchers (like Sodexo/Pluxee) as part of your CTC, there’s some great news for you Under the new Income Tax Rules (2026), the tax-exempt limit for food allowances has been significantly increased. 🔹 What’s changed? Old limit: ₹50 per meal New limit: ₹200 per meal 💡 What does this mean for you? Assuming 2 meals per day over 22 working days: ₹200 × 2 meals = ₹400/day ₹400 × 22 days = ₹8,800/month ₹8,800 × 12 months = ₹1,05,600/year Previously, the annual exemption was capped at ₹26,400. With this update, you can now save taxes on an additional ₹79,200 every year. 👉 If you fall in the 30% tax bracket, this could translate to ₹24,000+ in annual tax savings — a meaningful boost to your take-home income! ✅ A small policy change, but a big win for salaried employees. 😄 But the real question is… what will you do with so much balance in your food coupons? Time to upgrade from chai to full-course meals every day? #IncomeTax #SalaryBenefit #CTC #TAX #FinancialPlanning
Update
📢 **GST UPDATE – IMPORTANT COMPLIANCE CHANGES** GST compli
📢 **GST UPDATE – IMPORTANT COMPLIANCE CHANGES** GST compliance continues to become more technology-driven, with increased focus on authentication, return filing discipline, ITC reconciliation, data analytics and monitoring of non-genuine transactions. 🔹 **Key areas taxpayers should watch:** • E-way bill authentication requirements • Time limits for filing GST returns • GSTR-2B/ITC reconciliation • GST scrutiny and departmental verification • DRC-03 payments and demand compliance • Monitoring of fake/non-genuine invoices • Export refund documentation and verification • Increasing use of technology and data analytics by the GST department ⚠️ **Important:** Applicability of a particular provision depends on the taxpayer, transaction and relevant notification/circular. Stay updated. Stay compliant. M/s. PURVANG DOSHI & ASSOCIATE Chartered Accountants | Mehsana, Gujarat #GST #GSTUpdate #GSTCompliance #InputTaxCredit #GSTAudit #GSTNotice #Taxation #CharteredAccountant
Read More →