DT Fundas - Tarun rustagi ( Author) (1150 Points)
21 December 2012
CA Aditya Lahoti
(Chartered Accountant)
(380 Points)
Replied 21 December 2012
Rs.50/- will b taxable....
PRATHIMA REDDY
(CA )
(115 Points)
Replied 21 December 2012
Sir,
Meals provided in office premises (or) voucher provided by the employer value exceeds Rs.50/- then it is taxable.
Here the taxable value amounts to
=(100-50)*365 (assuming 365 days)
=36,500-18,250
=18,250/-
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 21 December 2012
PRATHIMA REDDY
(CA )
(115 Points)
Replied 21 December 2012
sir,
For meal if the value exceeds 50 is taxable
Ashwani Narnoli
(.)
(1843 Points)
Replied 25 December 2012
it should be calculated per meal it is exempt upto rs 50, whether a single meal or 10 meal is provided in a day
CAclubindia
