Rs 660 in tax, assuming employee is in 30 bracket. Time it takes to count the coupons, possibility of fake/damaged coupons and administrative headache associated with it are other reasons why shops hesitate to accept Sodexo. The excerpt from the Act is given below, Section, perquisite type, taxability 17(2 viii) read with, rule 3(7 iii). The cumbersome mechanism to get a new coupon issued for this amount is best left untouched and in all these cases, Sodexo gets to keep the entire money. You can also find the taxability of all the perquisites and allowances here.
In Accenture you can either go for coupons worth 1100 or 2200 rupees monthly, these coupons are non taxable and hence you could avail them to reduce your taxes. Sodexo is company give out coupons for different needs to various companies govt. Of advantages of Sodexo coupons you can. I am talking about Sodexo coupons. You might have heard of Sodexo as it is a French company that is into giving coupons to employees.
What is sodexo food coupons
Though it has signature requirement in the coupon, this would be like bearer cheque. (But the difference is, for credit and debit cards, most of the transaction is electronic, except for submitting charge slips). Migrating to a smart card based system is the best solution to all stakeholders, except for Sodexo. In this case it is, per meal. Why shopkeepers are complaining? I am sure at least 5-10 of the coupons issues will expire/get lost/get damaged. For shops like large restaurants having 20-30 margin, this 2-3 transaction charge doesnt matter. As the name suggests, it can be used in restaurants, hotels, grocery shops that are affiliated with the Sodexo.