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 ?
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 ?
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 ?
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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