Expenditure on free meals to employee in excess of………………per meal will be treated as perquisite of employee.

Question

Quizplus · Accepted Answer

Expenditure on free meals provided to an employee in excess of 50 per meal is treated as a perquisite of the employee according to tax regulations in many jurisdictions. This means that if the cost of the meal provided by the employer exceeds this amount, it is considered a taxable benefit for the employee.

Expenditure on Free Meals to Employee in Excess Of………………per Meal