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For Employee Point Of View : If Non Monetary Perquisites Amount Received (Amount Received) is Zero.

Food upto  50 Rupees per meal is exempt balance taxable

However  Snacks are completely exempt

Q3

  
Basic Salary60000  pm
Free Food given at Company Canteen 

Company pays Caterer @ 60/meal

Employee  works for 25 days in Month

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PARTICULARSAMOUNT RECEIVEDEXEMPTTAXABLE
Basic Salary60000060000
Food0 250
Total60000060250

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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 6 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com.
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