Can any one throw some light regarding distirbution of Lunch Coupons (Sodexo) to the employees. How is it distributed ? Is it on the basis of various level. What are the tax implications to the employer
Rgds
RAM
From India, Mumbai
Rgds
RAM
From India, Mumbai
Ram,
In my previous and present organization, an IT com the Lunch coupons were given for the same amount irrespective of the designation/level.
They were distributed along with the salary slips. The employer has to pay the services charge to the coupon providing company besides the not the tax imposed ny the govt on such items.
FOr the employee this becomes a non taxable income- whatever the amount in the year it comes to. In my current organization we give coupons worth Rs-1100 per moth per employee
I hope this answers your query
Cordially,
preet
are
From India, Bangalore
3In my previous and present organization, an IT com the Lunch coupons were given for the same amount irrespective of the designation/level.
They were distributed along with the salary slips. The employer has to pay the services charge to the coupon providing company besides the not the tax imposed ny the govt on such items.
FOr the employee this becomes a non taxable income- whatever the amount in the year it comes to. In my current organization we give coupons worth Rs-1100 per moth per employee
I hope this answers your query
Cordially,
preet
are
From India, Bangalore
Hi InMy orgn Lunch Coupons of 1100 is given to Employees and if employees wanna encash it then its liable for Tax .. Regrds rupa
From India, Mumbai
From India, Mumbai
hi all,
well i understand that sodexho lunch coupons are given to employees for tax benefit. its limit has been extended and an employee can take unlimited sodexho coupons which will be tax exempted.
My question is if a company gives sodexho coupons quarterly say 3 months coupons at the end of 3 months and not every month. is it alright or it should be given every month along with the pay slips?
Regards
From Germany
well i understand that sodexho lunch coupons are given to employees for tax benefit. its limit has been extended and an employee can take unlimited sodexho coupons which will be tax exempted.
My question is if a company gives sodexho coupons quarterly say 3 months coupons at the end of 3 months and not every month. is it alright or it should be given every month along with the pay slips?
Regards
From Germany
In our company food coupons are part of our flex comp. The limit to availing food coupons is based on the fixed compensation per annum. As such if you fall under the category 0 - 5,00,000 you can available coupons upto 25,000. If you fall under the category 5,00,000 to 10,00,000 then you can allocated 50,000 worth food coupons. This is then distirbuted every quarter on pro rata basis.
Currently we are having this scheme with us. We use Accor ticket restaurant coupons (similar to sodexo pass). We give coupon worth Rs. 1300/- pm (Rs.15600/-pa)to taxable employees, which is exempted from IT. Govt has allowed @ Rs.50/- per day ( 26 days - Rs.1300/-) as meal expenses exempted from IT. This cannot be encahsed but can be availed to purchase monthly groceries etc., in retail outlets. We can have more coupons also but the IT exemption is only for Rs. 1300/- pm.
Similarly gift vouchers/ticket compliments also available which can be considered during Diwali or similar occasions.
tms
From India, Mumbai
Similarly gift vouchers/ticket compliments also available which can be considered during Diwali or similar occasions.
tms
From India, Mumbai
Hi,
Please tell me how I could find out the category I am falling into? Should I take the CTC into account or deduct the non-taxable components like HRA, medical reimbursement and then take the balance?
Regards,
Lakshmi
From United Kingdom, Goodmayes
Please tell me how I could find out the category I am falling into? Should I take the CTC into account or deduct the non-taxable components like HRA, medical reimbursement and then take the balance?
Regards,
Lakshmi
From United Kingdom, Goodmayes
Pls chk with ur finance dept... also the discussion is about food coupons, your query raised is in no relation with the thread.
From India, Hyderabad
From India, Hyderabad
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