Hi All, PLease let me know if the sodexo meal coupens are taxed in the AY 2010-2011 ( for the F.Y April 09 to March’10). We give out meal coupens worth Rs 1100 per employee. Thanks, Anupama
From India, Pune
2From India, Pune
Hi All, I had mailed the SODEXO for the meal voucher limit, attached is the answer i got from them, hope this will help everyone.
From India, Pune
From India, Pune
Hi, The company providing free meals to employees in the same time can opt Meal Voucher? Please guide me. Nivas.
From India, Bangalore
From India, Bangalore
yes, you can issue meal voucher which can be used in select restaurants, departmental stores, etc. The limit is 1350/- p.m for tax exemption.
From India, Lucknow
From India, Lucknow
Hi,
I want to provide some nutritious diet to my employees it may any 2 fruits + energy drink my per day estimated cost for employee will be between 100-150 rs, please suggest me what i can do to implement certain policy like this.
Your reply is will be very valuable to me please help me out.
From India, Delhi
I want to provide some nutritious diet to my employees it may any 2 fruits + energy drink my per day estimated cost for employee will be between 100-150 rs, please suggest me what i can do to implement certain policy like this.
Your reply is will be very valuable to me please help me out.
From India, Delhi
There are two rules of IT Rules which should be Considered here
Rules (3)(7)(iii)
As per the rule generally,meal coupons provided to employees is tax free provided the payment per meal should be limited to ₹50. The maximum amount per month may also be capped based on the number of working days,it should ne non transferable and usable only at eating joints
Sodexo coupons can be used not only at eating joints but also at places like supermarkets and hence is taxable...under this provision
BUT
As per Rule 3(7)(iv) if such gifts are given extraneous to the salary and its value is below five thousand rupees, then it is tax free
From India, Jamshedpur
Rules (3)(7)(iii)
As per the rule generally,meal coupons provided to employees is tax free provided the payment per meal should be limited to ₹50. The maximum amount per month may also be capped based on the number of working days,it should ne non transferable and usable only at eating joints
Sodexo coupons can be used not only at eating joints but also at places like supermarkets and hence is taxable...under this provision
BUT
As per Rule 3(7)(iv) if such gifts are given extraneous to the salary and its value is below five thousand rupees, then it is tax free
From India, Jamshedpur
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Copy of Sodexo New Meal Gift Form 2009.xls
Sodexho Meal Vouchers .doc
Sodexo.jpg