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


Basic Salary 60000  pm
Free Food given at Company Canteen  

Company pays Caterer @ 60/meal

Employee  works for 25 days in Month

View Answer
  1. Tax Practical
  2. Practical Payroll (TDS Salary,PF,ESI)

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 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.