Cinqo is a digital solution providing tax-free meal allowances via mobile wallets, replacing traditional paper vouchers. Employees can save up to INR 11,700 in taxes, while employers benefit from cost and time savings in voucher management. The digital vouchers comply with income tax and RBI regulations for food and non-alcoholic beverages.

1. CINQO is a smart digital solution for employees to avail tax free meal
allowances as against the traditional paper based meal vouchers. CINQO
Digital Meal Vouchers are spent via a mobile wallet pan-India for food and
non-alcoholic beverages. It is a great tax saving tool and helps an employee
to save taxes up to INR 11,700/-*. CINQO helps employers in eliminating
voucher distribution and tracking processes thus saving cost, time and
effort on their end.

2. CINQO Digital Meal Vouchers can be used across any merchants pan-India
for food and non-alcoholic beverages

3. CINQO Digital Meal Vouchers comply with the necessary Income Tax Act fully. They
offer tax benefits as per the exclusion provided for the ‘paid vouchers’ in rule 3 (7)
(iii) of the Income Tax Rules 1962 (IT). They are non-transferable and each voucher
bears a maximum value of Rs. 50 only – that can be used only for the purchase of food
and non-alcoholic beverages at recognised outlets. These are the basic requirements
for a prepaid voucher to be compliant with IT rules. CINQO Digital Meal Vouchers
are also fully compliant with RBI guidelines. They are issued under the Policy
Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India, as
updated in December 2014; by an RBI licensed commercial bank, Yes Bank.

4. CINQO Digital Meal Vouchers have a specific digital characteristic which
makes them similar to paper vouchers in behaviour. This makes them fully
compliant to IT Rules.

5. We offer digital vouchers for meal expenses and for medical expenses as
well as Gift Cards and Reimbursements.

6. THANK YOU.
https://cinqo.in/