Difference between lunch expenses and meal
This query is : Open
20 March 2014
WHAT IS DOFFERENCE BETWWEN LUNCH EXPNSES AND MEAL(50 PER MEAL) PROVIDED BY EMPLOYER
20 March 2014
only there is diff usage of word technically both are same...
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20 March 2014
SIR IN OUR COMPANY EMPLOYER PROVIDE US FOOD FOR @ 25 PER COUPEN.WHAT IS THIS.MEASN IS THIS FUULLY TAXABLE OR CALCULATION AS PER 50 RUPEES PER MEAL
20 March 2014
then 25 rs is taxable as part of ur salary as its perquisite that u getting food at concessional rate......
20 March 2014
is calculation of meal is correct
cost of per plate 80 rupees per meal
300 days ea in a year and we rec. 25 rupees per meal from employee
then
300*80=24000
exempt 300*50=15000
rec. from employee 300*25=7500
total 15000+7500-22500
less from 24000-22500=1500 add on our salary
cost of per plate 80 rupees per meal
300 days ea in a year and we rec. 25 rupees per meal from employee
then
300*80=24000
exempt 300*50=15000
rec. from employee 300*25=7500
total 15000+7500-22500
less from 24000-22500=1500 add on our salary
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