Valuation of free meals provided to employee
This query is : Resolved
28 February 2014
free lunch provided by the employer to employee during office hours and in the office premises, the cost of which amounted to Rs. 2000.
it's taxable in hand of employee for FY.
it's taxable in hand of employee for FY.
28 February 2014
Rs.2000 is the cost for the month?
01 March 2014
Rs. 2000 is the total cost of employer.
02 March 2014
free lunch is exempted till Rs. 50 per meal provided during office hours. so accordingly you can calculate the exempted amount
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