Amcount.com - Perquisites relating to lunch/refreshment, cost of facility, amount recover from employee, Taxable value of perquisites, Tea or snacks to employees, food to employee, non alcoholic beverage to employee, Perquisite taxable In Hands Of Specified Employees

PERQUISITES RELATING TO LUNCH/REFRESHMENT

Cost of such facility to the Employer in excess of Rs. 50/-	XXX
Less: The Amount recovered from the Employee for such services	XXX
Taxable value of perquisite	XXXX

PLEASE NOTE:

The perquisite value above is determined only towards Food & Non Alcoholic beverages provided to employees in office premises or through Non- transferable paid vouchers.
However, provision of following is exempted from tax and not covered under this rule:-
- Food & Non Alcoholic beverages to employees during working hours in a Remote area or an Offshore Installation.
- Tea or Snacks to employees during working hours.