FBT & Sodexho allowance
This query is : Resolved
20 February 2008
- Is FBT applicable on Sodexho allowance ( not sodexho coupons).
- If yes, then is there any limit for sodexho allowance, to be given to employees monthly?
- If yes, then is there any limit for sodexho allowance, to be given to employees monthly?
21 February 2008
HI
Sodexho Pass is the name of the Food coupon company. They provide the Food passes, which is given as a part of CTC (Food Allowance) for employee. There is tax benefit on this for both company and the employee.
For employee - till last year tax benefit is max. of 15K per year was allowed. Now the upper limit has been removed.
for Company - Till last year there was FBT, but now FBT has been removed, so it is up to the Finance department to think how much to give. It can be used in Hotels, shopping maals etc for purchase of Food and food items.
THANKS
MOHAN
Sodexho Pass is the name of the Food coupon company. They provide the Food passes, which is given as a part of CTC (Food Allowance) for employee. There is tax benefit on this for both company and the employee.
For employee - till last year tax benefit is max. of 15K per year was allowed. Now the upper limit has been removed.
for Company - Till last year there was FBT, but now FBT has been removed, so it is up to the Finance department to think how much to give. It can be used in Hotels, shopping maals etc for purchase of Food and food items.
THANKS
MOHAN
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