Please explain the exact taxation issues related to Sodexo meal coupons to be given to the employees from the point of view of both the employer and employee. Are they liable for Fringe Benefit Tax? How can the employer include them in the employee's salary structure? Please note that the employer is a private limited company in this case.
From India, Mumbai
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From India, Mumbai
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Please note that currently Fringe Benefit Tax is not applicable.
Sodexo Meal coupons are tax-free in the hands of the employees up to a certain limit. The expense is a business expense and allowable for the computation of income tax for the employer. The coupons can be incorporated as a part of the salary.
From India, New Delhi
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118Sodexo Meal coupons are tax-free in the hands of the employees up to a certain limit. The expense is a business expense and allowable for the computation of income tax for the employer. The coupons can be incorporated as a part of the salary.
From India, New Delhi
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