Perquisites - Lunch / Refreshment etc. - (New) Rule 15(5)(a) / (Old) Rule 3(7)(iii)

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....uation of free food and non-alcoholic beverages provided by an employer. Valuation of Free Food & Beverages (Perquisite Calculation) Particulars Amount (Rs.) Explanation Cost incurred by employer XXX Total expense on food/beverages Less: Amount recovered from employee (XXX) If employee pays anything Net value of benefit XXX Actual perquisi....

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....re installations (e.g., oil rigs) • Fully exempt, regardless of value • Meaning of  "Remote Area", means any area other than an area which is located- • (i) within the local limits of; or • (ii) within a distance, measured aerially, of 30 kilometers from the local limits of, • any municipality or • a cantonment....

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....ded by such employer during working hours at office or business premises or through paid vouchers which are non transferable and usable only at eating joints if the value thereof does not exceed 50/- per meal (Taxable value shall be only in excess of  50/- per meal) or • Tea or snacks provided during working hours in a remote area or an off-shore installation. Taxable Perquisi....

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....snacks provided in working hours. 2. Food and non-alcoholic beverages provided in working hours in remote area or in an offshore installation. [ Circular no. 20/2020 dated 03.12.2020 ] Note: - • Above condition in respect of free food and non - alcoholic beverage provided by such employer through paid voucher shall not apply to an employee, being an assessee, who ....