Taxability of Sodexo Pass
This query is : Resolved
13 August 2009
can anybody tell me upto what extent sodexo passes are exempt from IT?
13 August 2009
fully exempt
14 August 2009
Fully Exempted
15 August 2009
Due to abolition of FBT, now the food coupons will be categorised as perquisites in the hands of employee if as per rule 3 value of meal exceed Rs.50 per meal. Food coupons are non transferable vouchers which if used only at eating joints and the value per meal does not exceed Rs.50 per meal than value upto RS.50 will not be chargeable as perquisites in the hands of employee.
As far as question of how much amount of food coupon will be exempt in the hands of employee is concerned is the amount that will be exempt in the hands of employee will be Rs.1300 per month (26 *50).
As far as question of how much amount of food coupon will be exempt in the hands of employee is concerned is the amount that will be exempt in the hands of employee will be Rs.1300 per month (26 *50).
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