04 December 2011
Canteen subsidy paid to employee at the rate of Rs. 45/- per day is taxable income in the hands of employee? And at the time of calculating income and TDS amount, should it be considered? Please give the opinion and also the supporting section and case laws
05 December 2011
Meal expenses up to Rs. 50 per day is not taxable as perquisite in the hand of employee. further this amount allowed in the hand of employer as deduction. provided meal should be provided at work place.
CAclubindia
