Difference between lunch expenses and meal

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Rajiv

Rajiv (Querist)
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20 March 2014 WHAT IS DOFFERENCE BETWWEN LUNCH EXPNSES AND MEAL(50 PER MEAL) PROVIDED BY EMPLOYER

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 March 2014 only there is diff usage of word technically both are same...

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Rajiv

Rajiv (Querist)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 March 2014 then 25 rs is taxable as part of ur salary as its perquisite that u getting food at concessional rate......

Rajiv

Rajiv (Querist)
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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

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