Hi, My company gives sodexho passes to a maxi. limit of Rs.60000 per annum. The employees are also having the tax benefit for the entire amount. Thanks Sowmya
From India, Madras
14From India, Madras
Jaysree:
Sodxho or Accor or any other food coupons you give doesnt matter and to my knowledge Tax exemption on 15K p/a and thats why people ask for Food Coupons and if am not wrong there is a slight increment happened in the recent days i dont know the exact amount
but i think Tax exemption is on 24K now
if it is 15K then you can give 1250/- p/m and 24K it is 2000/-
Correct me if am wrong
Thanks
- Mirza
Manager HR
Hyderabad
From Saudi Arabia, Jiddah
Sodxho or Accor or any other food coupons you give doesnt matter and to my knowledge Tax exemption on 15K p/a and thats why people ask for Food Coupons and if am not wrong there is a slight increment happened in the recent days i dont know the exact amount
but i think Tax exemption is on 24K now
if it is 15K then you can give 1250/- p/m and 24K it is 2000/-
Correct me if am wrong
Thanks
- Mirza
Manager HR
Hyderabad
From Saudi Arabia, Jiddah
hi all,
i got my query answer, i m uploading details to u also.
As per govt rules, they have give Rs. 75/- per day. but still few company is using 50/-.
if any corparate can also give rs. 100 per day, & if conside total 26 working days than we can maximum give upto rs. 2600/-, but few corpprates are also issuing more than that, as per recent fbt loaw govt remove the maximu limit to issue meal voucher passes, so corparte can issue as per employees salary & on their own risk but maximun limit suggested by account & other professional is rs. 2600/-
regards,
jayshree
From India, Mumbai
i got my query answer, i m uploading details to u also.
As per govt rules, they have give Rs. 75/- per day. but still few company is using 50/-.
if any corparate can also give rs. 100 per day, & if conside total 26 working days than we can maximum give upto rs. 2600/-, but few corpprates are also issuing more than that, as per recent fbt loaw govt remove the maximu limit to issue meal voucher passes, so corparte can issue as per employees salary & on their own risk but maximun limit suggested by account & other professional is rs. 2600/-
regards,
jayshree
From India, Mumbai
Hi Madhumita,
Are you sure that Sodexho offers card which can be used outside shops like your credit and debit card? They have offered us smart card which was only meant for cafeteria usage. I would like to know more about this as managing paper vouchers is a cumbersome process.
Cheers,
Anand
Are you sure that Sodexho offers card which can be used outside shops like your credit and debit card? They have offered us smart card which was only meant for cafeteria usage. I would like to know more about this as managing paper vouchers is a cumbersome process.
Cheers,
Anand
Hi All,
I know every person saying that per day food pass allowed is 75 /100, but we do not have any concrete proof of it. As per income tax rules the amount allowed per day is only Rs.50/-.
If any person has the proof of the increase in the amount, please let all of know it. foward the notification by Income tax department about the raise in the limit from 50 to whatever the amount.
thanks and regards,
From India, Bangalore
I know every person saying that per day food pass allowed is 75 /100, but we do not have any concrete proof of it. As per income tax rules the amount allowed per day is only Rs.50/-.
If any person has the proof of the increase in the amount, please let all of know it. foward the notification by Income tax department about the raise in the limit from 50 to whatever the amount.
thanks and regards,
From India, Bangalore
The best thing that you can do is to contact a representative from Sodexho Pass to get more detailed and valid information regarding their services and this way you will not be misled with other information because I know that Sodexho Pass offer different services to different areas. And also you have to understand that there is a limit in the possible accredited establishments where Sodexho Pass can be used.
From Philippines
From Philippines
Hi All,
The cap of Rs.50/- has been removed in couple of years back in Budget. When there is no cap, the company may give reasonable amount of Food vouchers to its employees.
The amount of "Reasonableness" is something not clear. Use prudential discrition.
Rgds
Vishwanath
From India, Bangalore
The cap of Rs.50/- has been removed in couple of years back in Budget. When there is no cap, the company may give reasonable amount of Food vouchers to its employees.
The amount of "Reasonableness" is something not clear. Use prudential discrition.
Rgds
Vishwanath
From India, Bangalore
Hi...
My company gives Rs. 2500/- pm Ticket Restaurant Vouchers in Mumbai
1. Accor is only competitor of Sodexho in India. They are been into Indian market since last 10 years with more than 2000 corporate customer includes like TCS, Reliance, Wipro, E-fund, Hexaware and more…
2. Accor Meal Vouchers are under the brand name of “Ticket Restaurant Meal Vouchers” in India accepted at more than 1800 shops in Mumbai.
3. As per the Pre – FBT provision there was maximum of Rs. 50/- per day meal allowance can given by employer to his employee through meal vouchers.
But in Post – FBT the rule pertaining to valuation of free meal has been deleted and therefore now there is no ceiling on the amount of expenditure towards the meal allowance through paid vouchers as per the section 115 WB Income Tax Act 1961.
4. I suggest you can give Rs.125/- towards meal allowance through meal vouchers which comes Rs. 2500/- pm. according to 5 working days.
I know on of the Accor Representative who can help you for giving more clarification. I am enclosing his details for your reference.
Mr. Pednekar
Accor Services
Cell No. 9819966505
My company gives Rs. 2500/- pm Ticket Restaurant Vouchers in Mumbai
1. Accor is only competitor of Sodexho in India. They are been into Indian market since last 10 years with more than 2000 corporate customer includes like TCS, Reliance, Wipro, E-fund, Hexaware and more…
2. Accor Meal Vouchers are under the brand name of “Ticket Restaurant Meal Vouchers” in India accepted at more than 1800 shops in Mumbai.
3. As per the Pre – FBT provision there was maximum of Rs. 50/- per day meal allowance can given by employer to his employee through meal vouchers.
But in Post – FBT the rule pertaining to valuation of free meal has been deleted and therefore now there is no ceiling on the amount of expenditure towards the meal allowance through paid vouchers as per the section 115 WB Income Tax Act 1961.
4. I suggest you can give Rs.125/- towards meal allowance through meal vouchers which comes Rs. 2500/- pm. according to 5 working days.
I know on of the Accor Representative who can help you for giving more clarification. I am enclosing his details for your reference.
Mr. Pednekar
Accor Services
Cell No. 9819966505
Hi!
Can you explain me the term Sodexho pass?????
can we benefitted in TAX also? is "YES" then what's the limit??????
min. & max slab of sodexho.
waiting for your prompt response...........
thanks,
soma
From India, Mumbai
Can you explain me the term Sodexho pass?????
can we benefitted in TAX also? is "YES" then what's the limit??????
min. & max slab of sodexho.
waiting for your prompt response...........
thanks,
soma
From India, Mumbai
Hi Soma,
Sodexho Pass is the name of the Food coupon company. They provide the Food passes, which is given as a part of CTC (Food Allowance) for employee. There is tax benefit on this for both company and the employee.
For employee - till last year tax benefit is max. of 15K per year was allowed. Now the upper limit has been removed.
for Company - Till last year there was FBT, but now FBT has been removed, so it is up to the Finance department to think how much to give. It can be used in Hotels, shopping maals etc for purchase of Food and food items.
(FBT - Fringe Benefit Tax)
regards
suneel.
From India, Bangalore
Sodexho Pass is the name of the Food coupon company. They provide the Food passes, which is given as a part of CTC (Food Allowance) for employee. There is tax benefit on this for both company and the employee.
For employee - till last year tax benefit is max. of 15K per year was allowed. Now the upper limit has been removed.
for Company - Till last year there was FBT, but now FBT has been removed, so it is up to the Finance department to think how much to give. It can be used in Hotels, shopping maals etc for purchase of Food and food items.
(FBT - Fringe Benefit Tax)
regards
suneel.
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Manpower Planning Form(1).xls
The Economic & Social Planning Act, 2009.doc
HR Planning-ACC.zi p