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Are food and learning benefits taxable ?

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rohit

Others

24 Points Posted on 24 September 2015

I got a job offer from a company. In which 7.5 LPA is Gross salary and 3 LPA is benefits. Gross salary has allownce and basic salary. While benefits has Food/Meal, Learning benefit, Insurance, PF and Gratuity. Food will be provided by the company(Not Allownce) and Learning benefits can be used for professional development like training, books, certification, etc. My question is, Are these components taxable ? Specially Food and Learning benefits. I read somehwere if your company is paying for the Food, then its not taxable. Please help me out in this.

Thanks.

Replies (1)

Miss Rinkal

Student

1497 Points Posted on 24 September 2015

Gratuity you receive on retirement and hence now not taxable. Pf if recognised pf then you should be in service for continuous period of 5 years. If unrecognised, fully taxable. Food or meal allowance is fully taxable. In short most of the allowances are either fully taxable or partially taxable.