Dear All,
As per the new guidelines i.e. for FY 2010-2011 what is the maximum limit uptil which Sodhexo coupons will be considered non-taxable..??
are there any other meal/food coupons as well which help in tax savings??
Regards
Bhavna
From India, Delhi
32As per the new guidelines i.e. for FY 2010-2011 what is the maximum limit uptil which Sodhexo coupons will be considered non-taxable..??
are there any other meal/food coupons as well which help in tax savings??
Regards
Bhavna
From India, Delhi
As per the Income tax guidelines on this perquisities part of salary as of year 2009-10, it is not taxable upto an amount of Rs. 50 per meal. If we consider a meal per day then Rs 50 x 26 working days at max. would constitute to Rs. 1300 per month and Rs. 15,600/- per year.
It does not clarify whether that need to be only Sodhexo Coupon. It could be any such coupon that you can utilised in any eating joints outside office. but Sodhexo has a good marketing strategy due to which most companies adopt their coupon as it cover most eating joints.
From India, Delhi
It does not clarify whether that need to be only Sodhexo Coupon. It could be any such coupon that you can utilised in any eating joints outside office. but Sodhexo has a good marketing strategy due to which most companies adopt their coupon as it cover most eating joints.
From India, Delhi
Thank you all for the responses.
I came to know about Accor services as well to provide food coupons.
Please also suggest, does the amount of coupons to be issued every month differs according to the number of days present..??
also, as we are offering it as a part of CTC, can we show it in Payslip / Appointment letter??
Regards
Bhavna
From India, Delhi
I came to know about Accor services as well to provide food coupons.
Please also suggest, does the amount of coupons to be issued every month differs according to the number of days present..??
also, as we are offering it as a part of CTC, can we show it in Payslip / Appointment letter??
Regards
Bhavna
From India, Delhi
ACCOR is also similar to Sodexho and honoured in select Restaurants & departmental stores. Food coupon is part of CTC and need not be shown in payslip. Since it is part of CTC, loss of pay period shall be taken into account while determining the food coupons amount.
From India, Lucknow
From India, Lucknow
Thanks again Pon...bt I am still a little confused.
Let us say ABC is at a salary of Rs. 30,000/- p.m., we show Rs. 2600/- as Food Coupons as a part of his CTC in his appointment letter.
In a particular month, he was on a leave for 5 days thus we would only offer coupons for Rs. 2100/-...right??
Then where will we adjust this Rs. 500/- in his that month's salary..?? or does he loose that money/coupons..??
Regards
Bhavna
From India, Delhi
Let us say ABC is at a salary of Rs. 30,000/- p.m., we show Rs. 2600/- as Food Coupons as a part of his CTC in his appointment letter.
In a particular month, he was on a leave for 5 days thus we would only offer coupons for Rs. 2100/-...right??
Then where will we adjust this Rs. 500/- in his that month's salary..?? or does he loose that money/coupons..??
Regards
Bhavna
From India, Delhi
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