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

Related MCQs

• If loan granted by employer to employee does not exceed …………., it is not treated as perquisite to employee for purpose of income tax.
• Gift to employee up to p.a. will not be treated as perquisite taxable in the hands of employee.
• Value of rent-free accommodation in case of Government employee shall be taxable up to
• The death-c um-retirement gratuity received by the Government Employee or employee of the local authority is.
• In terms of section 2(42A), listed securities are treated as long-term capital asset, if they are held for a period of more than –
• The value of interest-free concessional loans to employees is determined on the basis of lending rates of for the same purpose.
• Value of rent-free accommodation or a house owned by employer in case of non-government employees with above 25 lakh population is .
• If the employee receives retirement gratuity from more than one employer, he can claim exemption in respect of .
• The family pension received by the family members of armed forces after death of employee is .
• If the assesses let out the building or staff quarters to the employee of business, the rent collected from such employees is assessable as income from .