Free Meal coupons or extra pay? #office #finance
Are you getting Free meals in the office?
The free meal coupons like Sodexo are liable to tax. Our Income Tax law treats it as a free perquisite given by the employer to its employees and would be taxed if the value of the coupon exceeds Rs. 50 per meal.
A calculation based on 22 working days and 2 meals a day results in a monthly benefit of Rs 2,200 (22*100). Consequently, the yearly exemption works up to Rs 26,400.
The taxability of the free meal coupons as
A calculation based on 22 working days and 2 meals a day results in a monthly benefit of Rs 2,200 (22*100). Consequently, the yearly exemption works up to Rs 26,400.
The taxability of the free meal coupons as perquisites is governed by Section 17(2)(viii) of the Income Tax Act.
Suppose you have received a food coupon worth Rs. 80 per meal, First, you will calculate the value of perquisite in excess of Rs. 50 per meal.
In this case it is, 80-50= ₹30 per meal.
Are you getting Free meals in the office?
The free meal coupons like Sodexo are liable to tax. Our Income Tax law treats it as a free perquisite given by the employer to its employees and would be taxed if the value of the coupon exceeds Rs. 50 per meal.
A calculation based on 22 working days and 2 meals a day results in a monthly benefit of Rs 2,200 (22*100). Consequently, the yearly exemption works up to Rs 26,400.
The taxability of the free meal coupons as
A calculation based on 22 working days and 2 meals a day results in a monthly benefit of Rs 2,200 (22*100). Consequently, the yearly exemption works up to Rs 26,400.
The taxability of the free meal coupons as perquisites is governed by Section 17(2)(viii) of the Income Tax Act.
Suppose you have received a food coupon worth Rs. 80 per meal, First, you will calculate the value of perquisite in excess of Rs. 50 per meal.
In this case it is, 80-50= ₹30 per meal.
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Is it useful for 4lpa candidates
Tamil pay varla ya😂😅 but sub title இருந்த nalaa ok😅😂😂😂🎉❤
as per ur logic, Rs. 60 per meal×2×22×12 = 31680 is what employee is getting.. still people are losing 16320(4000*12-31680)
and tax on 20×22×12×31.2% = 1648.. effectively employee is getting 30048
whereas if allowance is accepted, net income after tax will be 33024 (48000-31.2%of 48000)
check and post the correct video..
You need to increase your Audio Quality
Meal cards are exempted from tax till 25k to my knowledge
That 'may I know how you calculated' in Tamil version 😂😂😂
Keep gng anna
Dey sariya panra enda ivolo worst uh act panrey
சாப்பாடுக்கே நான் இவ்வளவு யோசிக்கணுமா😂😂
@aravindsuriya Bro – You also need to explain how you arrived at the figure of 5280. (120*22days – 2200) ~ 440 for 12 months
You need to explain the monthly food coupon cap of 2200 which will be exempted from tax. Not everyone will know this.
boss R u Director Manobala relative ???
Dai Tamil la sollu da venna
Copy cat of Finance with Sharan… Create your own contents, style and keep yourself unique ..
Unnku ayan views pogala theriyumatamil pesu fa
Thambi way of talking matton koncham change pannunga.
Bro please saw tamil bro
Intha matere video va Tamil la explore panunka
If you opt for Extra salary, still you'll get 3k additional aprox. (After paying taxes)