Lets thank the Government of India for keeping it tax-free and we hope that in the interests of the salaried class like us, it will remain.
We were forced to tie-up only because govt. offers some tax incentives.
Recently i had a bad experience with an expired Sodexho pass.
For all the products I would like to introduce to your Food Bazaar outlets and tight up.I was on a visit to Germany a couple of weeks back and found that for all the good reasons, companies give different kinds of coupons or swipe cards to employees.Sodexo and Ticket Restaurant coupons with. would I need to drop in at such outlets when compared to a.Amalapuram Anakapalli Anakapalli Chittoor Chittoor Eluru Eluru Gurazala Hyderabad Hyderabad Hyderabad Hyderabad.
If the allowance is given in cash both these criteria cannot be certainly met, which is why and how the business of Vouchers has evolved.The government allows Rs. 800 a month as conveyance allowance without asking the company to issue travel vouchers.So friends its cool and good to spend money on food items, pay tax, which in turn will help us and our children and money will be circulated in our company.Now if we look on darker side, more money goes directly out of India in the mask of good face.See who you know at Sodexo, leverage your professional network, and get hired. concierge services, childcare, home services for elderly, meal or gift.
Ive heard that Sodexo discounts bills by 7% which i think is too big a margin.Buying sodexho means to force someone to buy things from the limited shops where sodexho is being accepted.
It is obvious that a person needs to spend more than the said amount a month on food, then why not the tax sop on the amount itself, instead of funding a multinational.Benefit includes easy to use, wider acceptability, easy procurement etc.The transaction cost of Sodexho coupons or ilks and the security measures taken behind are not the ones which are publicly discussed or disclosed.Mr. Hanif Shah has done a lot of home work before posting the comment.Else no one really wants to have such a feature in their salary.
One of the popular tax breaks that are allowed under the Income Tax Act are the food coupons or meal vouchers.
Why is everybody mentioning about income tax I really dont know.
Lets assume sodexo prints 1Billion worth coupons and distributes and it took 30Days for them to collect the same back. 10% of the card is lost.The whole discussion was about, why a multinational be allowed to hold the money in the name of tax saving there by floating a parallel currency of some form, where as the govt can give a tax exemption directly on the equalant amount to employees.It is sad that we are allowing an MNC to print currency like this.We will also accept meal passes (Sodexo) and meal vouchers (Accor).Prepaid Food Card: Choose the FoodPlus Card over traditional paper vouchers.Find the Best Restaurants in Hyderabad on Zomato - Hyderabad Restaurants.You can visit Sodexo website and find out outlets which accept Sodexo coupons.