The Economic Times

Meal card reporting when filing ITR: How to do it correctly and claim tax benefits under both the old and new tax regimes

Salaried employees can now claim meal card tax benefits under both old and new tax regimes from Tax Year 2026-27. For AY 2026-27, the benefit is restricted to the old tax regime, with limits of Rs 50 per meal. Proper reporting in ITR and documentation are crucial for claiming these exemptions.