SALARY INCOME
This query is : Open
12 July 2016
Hello,
Is lunch subsidy received by a PSU employee taxable? or it is exempt?
Moreover, what about washing allowance received by the same employee.
12 July 2016
If you mean subsidy received in cash then it is fully taxable.
If you are talking about subsidized lunch then only the amount above Rs.50 will be taxable as I am sure you are aware.
If you are talking about subsidized lunch then only the amount above Rs.50 will be taxable as I am sure you are aware.
12 July 2016
Thankyou sir. yes I do know the provisions regarding free lunch provided by the employer. The case is subsidy received in cash. And now I know it is fully taxable.
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