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Are meals provided by an employer excludable or not? Explain

Are meals provided by an employer excludable or not? Explain

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Generally meal provided by an employer to the employees shall not be included in computing the taxable income of the employees. The gross salary of the employees shall not include the monetary value of meal provided by the employer to the employees. Instead the provider of such benefit i.e. the employers il be liable to pay fringe benefits tax for fringe benefits provided. In respect of meal the monetary value of meal shall be considered for calculation of fringe benefits tax of the employer.

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