Dear Sir,
Pls let me know, the Sodexho Meal pass is taxable in the hands of employees?
Thanks
6 Replies
Ashok kumar
(CA Final)
(587 Points)
Replied 17 August 2011
Act says Rs.50 per meal is exempted.
many companies fallowing
3000 p.m is exempted from tax excess over taxable in the hands of Employees.
i.e., 50 per meal, providing 2 meals per day so 100 per day. hence 3000 per month is exempted excess over taxable as perquisite
hence the taxable portion will attract TDS based on the slabs
- Ashok
CA Raju Kumar Shaw
(Service)
(79 Points)
Replied 17 August 2011
Yes agree.
Tea, Coffee or similar non alcoholic beverage during working hrs are not charged to tax.
Working hours means extended working hrs including OT etc.
A K Jain
(Service)
(160 Points)
Replied 17 August 2011
I think Rs 50 per working day in a month is tax free,others may correct me.
CMA Ramesh Krishnan
(Cost & Management Accountant)
(71489 Points)
Replied 17 August 2011
Rs.50 per meal provided during office hours is exempted
srinivas
(asst. manager)
(21 Points)
Replied 18 August 2011
some companies follow Rs.50/- per meal per day for 26 days, rest of the amount is taxable in the hands of Employee
Recent Topics
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
