Sameeksha (Packaging Executive) (30 Points)
02 April 2017Is it illegal for the employer to provide Sodexo coupons as tax benefit? In my organization, the management says that it is a grey area and the company can get into trouble if they provide sodexo or other meal coupons to the employees as a tax benefit. I want to understand what the law is regarding this and how the company can be in trouble ?
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 02 April 2017
meals coupon exempt upto Rs50 per day .But if this coupon is used for buying groceries there is no exemption .However we go by employees declaration and exempt upto rs50/day other things why company is in trouble and all i cant understand and there is nothing wrong for a company to give meals coupon to employees
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