Hi,
Our company is providing free lunch to employees. Whether it is possible to issue Meals coupen for Rs 100 per day in addition to the lunch.
What is the tax implication if any?
Dennymon Mathew (Accountant) (26 Points)
23 April 2009Hi,
Our company is providing free lunch to employees. Whether it is possible to issue Meals coupen for Rs 100 per day in addition to the lunch.
What is the tax implication if any?
Aakhri Pasta
(Hell Froze Over)
(171 Points)
Replied 23 April 2009
Non Transferable Meal coupens are exempt from FBT.
kumar
(student)
(138 Points)
Replied 23 April 2009
here there are two aspects to consider One is the company is provinding lunch to employees and foodcoupans, lunch allowance(Including food coupans) of Rs.50 per day of 26 days in a month is not taxable in the hands of employee nor it does not attract FBT.
for employee above Rs.15600 p.a. should be considered for e/ee while calculating TDS under sec.192
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
