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 Salary | 60000 pm |
| Free Food given at Company Canteen |
Company pays Caterer @ 60/meal
Employee works for 25 days in Month
View answer
| PARTICULARS | AMOUNT RECEIVED | EXEMPT | TAXABLE |
| Basic Salary | 60000 | 0 | 60000 |
| Food | 0 | 250 | |
| Total | 60000 | 0 | 60250 |