Sodexho Pass

Hi...
We are planning to give Sodexho pass to the employee as part of there salry, want to have more informaiton about the same like:
1. which are other players in Mumbai other than sodexo vouchers
2. upto what limit we can give give to employee?
3. Is there is condition as per the Industry to Industry.
3. We are into KPO, risk solution mgmt co, we have 5 days working on that basis, upto what amount we can give to employee.
regards,
jayshree

can u explain me with detail terms & condition.... i have heard that we can give upto rs. 2600/-
need more clarification on the same.
jayshree

My company gives upto 1000 per month in Bangalore
But, its 950 for the employees who are working in HYD branch.
Regards,
Dixita

Hi Sri
My company also use sodex ho pass, but the amount of previlage varies according to the employee salary, say for eg if an employee draws salary of Rs11000, we give him sodex ho previlege for rs.2000, so he can be benefited from income tax, employees earning below 10k sodex ho is give from 1500. so in short previlege of sodex is given on the base of salary and getting benefited from income tax.

Hi Jayashree
You can opt for Sodexho card not coupon
Because coupons have to be counted evry time the employee uses
Sodexho card is like a debit or credit card which can be swiped lik anyother debit or credit cards
there is no worry of validity
this card can be recharged from time to time
the balance can be checked in the net
it is very much user friendly than the cards
Accor also issues ticket restaurents but it doesnot have card
In this market Sodexho occupies 80% share ... rest is Accor

Hi,
In my organisation, we used to calculate Rs .50/- per each working day in terms of sodexhos, and few months back, one of the employees from sodexhos department has explained that government has formulated the policy at Rs 75/- per each working day again in terms of sodexho.
And someone whose salary was below Rs 10,000 were not eligible for any amount of sodexhos. We used to follow this i our organisation.
Regards,
Rekha.

hi...
thanx for all yr response, my quesry is still same, what is govt rule for issuing sodexo voucher, there has to be some limit which based on salary, designation etc...
please solve my query.
regards,
jayshree

Hi,
As per the income tax rules - if company is providing the food it is not taxable. Food pass started on this clause. As per the rules company can provide to a maximum of Rs.13,200/- food passes (per annum). Till this amount it is tax free to the employee. Above this it is taxable.
Each company will provide food passes on this basis. But if your company decides to give more you can. but the employee does not get the higher benefits.
suneel. :D [/b]

Hi,
The limit has been increased from Rs.40 to 75/- (per day) last year. Hence you can issue food coupons upto 2000/- per month which shall not be taxable.
Venkatesh

Hi Vankatesh,
Can you provide any evidence / circular to support the details you provided.
suneel.