Sodexo Gift Vouchers / Ticket Compliments

Hi All,

I would like to know if there is any cap on the amount (per annum) for providing either Sodexo Gift Vouchers or Ticket Compliments to an employee. I understand from our company finance team that our Auditors suggested to maintain the cap at Rs.2500/- per month.

Your inputs on this are very valuable and useful.

Thanks,
Anil

Dear Anil,
The cap was suggested is right. Its basically Rs.100/- per day towards food expenses for 25 working days, you may increase it to say Rs.120/- per day to make it max Rs.3000/- p.m but do not exceeed as it will not be justifed.
Regards,
Harshad

Dear Anil,
Just to add what I mentioned , the limit or cap should be level wise. For exp. Person earning say rs.8000/- p.m will not have max limit as it will not be justified. So the limit should be level wise.
Regards,
Harshad

Hi Harshad,
Thanks a lot for providing such a valuable information. I guess you are talking about sodexo meal vouchers. Actually, i would like to have more information about sodexo gift vouchers / ticket compliments.
Thanks,
Anil

Hi ,
Can anyone clarify regarding the cap for Sodexo meal pass. Learnt from the people, there is no such limit. It is left to the organisation to fix their limits. any legal clause applicable, let me know

Hi
There is no such limit as it is a part of company policy - compensation structure of the organisation, but Rs. 100 to 120/- is justified amount.

To avail income tax benefit it is maximum of Rs.50/- per working day ie. 1250/- per month, beyond which it is taxable under IT
Regards
Srikanth

This food coupon scheme is part of CTC which can be availed as tax free. The coupons can be exchanged for groceries/hotels for purchase. The max. cap is as per the level of CTC. I understand that the max. is 5400/- per month as tax free.