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 maintaining the cap at Rs. 2500 per month.
Your inputs on this are very valuable and useful.
Thanks,
Anil
From India, Hyderabad
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6I 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 maintaining the cap at Rs. 2500 per month.
Your inputs on this are very valuable and useful.
Thanks,
Anil
From India, Hyderabad
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Dear Anil,
The cap that was suggested is right. It's 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 a maximum of Rs.3000/- per month, but do not exceed as it will not be justified.
Regards,
Harshad
From India, Mumbai
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The cap that was suggested is right. It's 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 a maximum of Rs.3000/- per month, but do not exceed as it will not be justified.
Regards,
Harshad
From India, Mumbai
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Dear Anil,
Just to add to what I mentioned, the limit or cap should be level-wise. For example, a person earning, say, Rs. 8000/- per month will not have the maximum limit as it will not be justified. Therefore, the limit should be level-wise.
Regards,
Harshad
From India, Mumbai
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Just to add to what I mentioned, the limit or cap should be level-wise. For example, a person earning, say, Rs. 8000/- per month will not have the maximum limit as it will not be justified. Therefore, the limit should be level-wise.
Regards,
Harshad
From India, Mumbai
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Hi Harshad,
Thank you very much for providing such valuable information. I believe you are referring to Sodexo meal vouchers. I would like to request more information about Sodexo gift vouchers/ticket compliments.
Thank you,
Anil
From India, Hyderabad
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Thank you very much for providing such valuable information. I believe you are referring to Sodexo meal vouchers. I would like to request more information about Sodexo gift vouchers/ticket compliments.
Thank you,
Anil
From India, Hyderabad
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Hi,
Can anyone clarify regarding the cap for Sodexo meal pass? I learned from people that there is no such limit. It is left to the organization to set their limits. If there are any legal clauses applicable, please let me know.
Thank you.
From India, Madras
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Can anyone clarify regarding the cap for Sodexo meal pass? I learned from people that there is no such limit. It is left to the organization to set their limits. If there are any legal clauses applicable, please let me know.
Thank you.
From India, Madras
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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.
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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
From India, Madras
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From India, Madras
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Sodexho Meal Vouchers .doc
Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf