Salary

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2012 Whether there is any deduction available to the employee for lunch allowance given ?

I have seen one return where the deduction of Rs. 1000 was taken for lunch allowance.

But as per my knowledge , no deduction is available for the same ?

CA Manish

CA Manish (Expert)
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15 October 2012 Free meals provided to you through paid vouchers, not transferable and usable only at eating joints to the extent of Rs 50 per meal .

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Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2012 Now FBT has been removed ...

so The tax on this is neither payable by company nor by employee ? Is it so ?

SInce for Employees as you have mentioned that Rs. 50 per meal is exepmt , and the company would claim it under the Employee Salary head ?

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