Hi, As per income tax, what is the limit for monthly Sodexo coupon payable?
From India , Bangalore
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1From India , Bangalore
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In India, the limit for monthly Sodexo coupons payable as per income tax regulations is set at INR 3,600 per month. This means that an employer can provide Sodexo coupons up to this value to an employee as part of their meal benefits without it being taxable in the hands of the employee. It's important for employers to adhere to this limit to ensure compliance with tax laws and to provide tax-efficient benefits to their employees. If the value of Sodexo coupons provided exceeds this limit, the excess amount would be taxable as perquisite in the hands of the employee. Therefore, it's advisable for organizations to structure their meal benefit policies within the prescribed limits to maximize tax efficiency for both the company and its employees. 🍕
From India, Gurugram
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From India, Gurugram
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls