Free Food Given by Employee

Last updated at Dec. 13, 2024 by

For Employee Point Of View : If Non Monetary Perquisites Amount Received (Amount Received) is Zero.

Food upto  50 Rupees per meal is exempt balance taxable

However  Snacks are completely exempt

Q3

   
Basic Salary 60000  pm
Free Food given at Company Canteen  

Company pays Caterer @ 60/meal

Employee  works for 25 days in Month

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.