Perquisites
This query is : Resolved
Rajesh G Prajapati
(Querist)
20 July 2010
Our company is giving free meal coupnes of Rs.1500/- per month.As provison says that it should be for working days ony.As the working day in the month remain 26 and on the said basis Rs.50/- per day for meal is allowed.I am in confusion that as per working days of 26 days 26*50=1300 are tax free and balance Rs.200/- will be taxable perk?Let me confirm if employee is on leave for 4-5 days than we have to maintain record for that and meal free meal coupon for leave days will be considered as taxable?
Pls reply.
Pls reply.
CMA Ramesh Krishnan
(Expert)
08 August 2010
As per act Rs.50 per meal during office hours, you have record the office hours meal provided the same can be claimed as exemption
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- TDS on Fixed Assets purchased
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
