Adding Sodexo as a Tax Benefit: How Can HR and Payroll Teams Collaborate Effectively?

Adding Sodexo as a Tax Benefit

To add Sodexo as a tax benefit for employees in payroll, you need to work with your HR team and the payroll department. First, ensure that your company has an agreement with Sodexo to provide tax-free meal benefits to employees. This agreement should outline the terms and conditions of the benefit program.

Coordinating with Payroll

Next, coordinate with the payroll department to incorporate the Sodexo benefits into the payroll system. This may involve setting up a specific code or category for Sodexo benefits so that they are accurately reflected in employees' pay.

Communicating with Employees

Communicate the new tax benefit to employees effectively, explaining how it works and any steps they need to take to take advantage of it. Providing clear instructions and answering any questions that may arise will help ensure a smooth implementation process.

Overall, collaboration between HR, payroll, and employees is key to successfully adding Sodexo as a tax benefit for your employees.

Sodexo Meal Pass and Fuel Allowance

Sodexo meal pass: 2600/month
Sodexo fuel: 4000/month

Can this be exempted in salary as a tax benefit?

Just update your CTC structure to add the Sodexo amount, and the same needs to be uploaded every month on the Sodexo Meal Card.

Hi, First, determine the amount for Sodexo. Restructure the pay structure by adjusting other allowance components and adding Sodexo. Employees can use the specified amount towards the purchase of groceries and food items, which will result in an annual amount exempted from tax. Thank you.