SALARY INCOME

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CA Nikita Gadekar (Querist)
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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.

CA. Sunil Gokhale

CA. Sunil Gokhale (Expert)
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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.

CA Nikita Gadekar

CA Nikita Gadekar (Querist)
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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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