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of <h1>New Guidelines on Employer-Provided Meals u/s 37(2) of Income-tax Act: Limits and Tax Implications Explained.</h1> The circular clarifies the treatment of employer-provided food or beverage expenses under Section 37(2) of the Income-tax Act, 1961. It states that expenses up to Rs. 35 per day per employee, incurred during working hours, are not considered entertainment, even if provided outside the workplace, provided they are genuine. Expenses exceeding this limit will be treated as entertainment. For employees, these amounts are considered income under Section 17 of the Act. This guideline applies to expenses incurred in the financial year 1995-96 and subsequent years. Assessing Officers are instructed to be informed of this directive.
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