Dear All,
Is there a limit to Sodexho coupon or tax benefit.
1. When I was Reliance Industries I was getting Rs. 1300 worth of coupons, whereas my company has decided to give upto 6000/-. I am given to understand that there is no limit prescribed for meal coupons and it attracts FBT. Can someone please clarify if there are any guidelines?
2. Whenever any employee is absent, the coupons value is added to taxable income and deduction is made. Is there a correlation between the days of working and coupons?
regards,
Yogesh Bisht
09833944848
Is there a limit to Sodexho coupon or tax benefit.
1. When I was Reliance Industries I was getting Rs. 1300 worth of coupons, whereas my company has decided to give upto 6000/-. I am given to understand that there is no limit prescribed for meal coupons and it attracts FBT. Can someone please clarify if there are any guidelines?
2. Whenever any employee is absent, the coupons value is added to taxable income and deduction is made. Is there a correlation between the days of working and coupons?
regards,
Yogesh Bisht
09833944848