Understanding Sodexo Coupons: Tax Benefits and Corporate Usage

Dear All,

What are Sodexo Coupons? Can anyone explain to me?

Waiting for your reply.

Gambhir

Dear Gambhir,

It is Sodexo. It is a company that specializes in Food and Facilities Management services and provides coupons to corporates, including meal coupons, shopping coupons, and more. If desired, please visit the website: http://www.sodexo.co.in/inen/default.asp

These gift coupons could be given to employees as a reward for target fulfillment, along with any commendation letter or similar tokens of appreciation.

Thank you,
Sweety Singh

Hi,

Also, the benefit is that the amount for which these coupons are given is tax-exempt. This is the main idea behind giving Sodexo coupons to employees by the company.

Thanks,
Navya

Dear Sweety,

Our company is located in the Kutch region of Gujarat. Is it possible to access this facility over here? Is it available outside of Delhi?

Gambhir

Dear Gambhir,

Sodexo booklets have tax exemption up to a maximum limit of Rs. 1300 per month. Beyond that amount, they are taxable.

Regards,
Vijay

Dear Gambhir,

Sodexo has its office in Ahmedabad as well at:

1003, 10th Floor, Sakar V,
Behind Natraj Cinema, Ashram Road,
Ahmedabad - 380 009
Tel: 91-79-26587805/9731/7532
Fax: 91-79-26589727

You can reach out at these numbers.

Thanks,
Sweety Singh

Dear Vijay,

Is the limit of Rs 1300 specified anywhere? For Meal Coupons, there is no limit specified as of last year. Is there any change now?

Siva

Hi!

Sodexo coupons are an attempt to save on your income tax. For example, if some companies work on a 70-30 scheme where 70% is your taxable income and 30% is non-taxable, then 20% of your income will have a Sodexo coupon component as well. If you wish to withdraw from the scheme, then the income becomes taxable.

Thank you.

Dear Siva,

Thank you for your inquiry. I have checked with our Accounts Department and was informed that the limit has been removed for the current financial year. Previously, the limit was Rs. 50 per day (50 * 26 days = Rs. 1300 per month).

Thank you once again.

Regards,
Vijay

Hi all,

Can anyone forward me relevant IT notifications, circulars, or guidelines regarding the upper limit of meal coupons?

Regards,
Jaykay

Hi everyone,

Sodexo is not taxable with any limit. We have recently introduced Sodexo in our company, and it is completely non-taxable. Previously, there was a limit, but now it is completely non-taxable.

Katyana

Hi Katyana,

Can you please forward the relevant Income Tax notification/circular/guidelines for "no limit" for meal coupons?

Regards,
Jaykay