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Sodex pass is taxable ?

manjula (Articles Asst) (641 Points)

06 August 2007

please can any one tell me wheatehr sodex pass given by employer is taxable in the hads of employeees

what the proced for that pass

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9 Replies

(Guest)

Sodexho meal vouchers are not taxable in hands of employees.

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Mahesh Goyal (Service) (38 Points)
Replied 07 August 2007

sodexo passed are not taxable in the hands of employee but employer will have to pay FBT on such amount.

Raj (CA) (514 Points)
Replied 09 August 2007

Sodexo pass if it contains non trasferable clause inside of it then it is free of FBT also

Suresh Kumar R (Chartered Accountant) (16 Points)
Replied 10 August 2007

Sodexho meal passes are not taxable and also do not attact FBT. However other Sodexho gift vouchers attracts FBT The value of meal passes should be reasonable say Rs 50-70 per day so that it becomes easy to explain tax authorities at the time of asssessment.