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Tax on Sodexo coupons

This query is : Resolved 

18 July 2010 What is the Tax implication on the Sodexo coupons given to employee by employer now as FBT is abolished? In whose hands is it taxable? And is there any exemption limit for it?

18 July 2010 Taxability in the hands of employees, Up to Rs.50 per meal during office hours exempted, if exceeds the excess amount is taxble in the hands of employee



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