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of <h1>New Rules for Pre-Paid Meal Cards: Conditions Set Under Section 115WB of Income-tax Act 1961</h1> The Income-tax (First Amendment) Rules, 2009, effective from April 1, 2009, introduce conditions for non-transferable pre-paid electronic meal cards under section 115WB of the Income-tax Act, 1961. These cards, issued by banks to employees under employer schemes, must feature the employee's name, photo, and signature. Each employee can receive only one card, usable solely for purchasing ready-to-eat food or non-alcoholic beverages from authorized establishments. Daily purchases are capped at 100 rupees, and transaction details must be maintained by employers and member establishments as per the Act's requirements.
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