Valuation of lunch and refreshments...

Rs.50/- will b taxable....

Sir,

Meals provided in office premises (or) voucher provided by the employer value exceeds Rs.50/- then it is taxable.

Here the taxable value amounts to

=(100-50)*365  (assuming 365 days)

=36,500-18,250

=18,250/-

sir,

For meal if the value exceeds 50 is taxable 

it should be calculated per meal it is exempt upto rs 50, whether a single meal or 10 meal is provided in a day