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Why do companies use Sodexo?
Sodexo Meal Pass offers a host of benefits to your employees: Access to India’s largest proprietary meal network across 1,00,000+ unique points of acceptance across 1,700 + cities. Tax savings up to ₹12,000 a year for every employee. Additional savings of ₹8,000 through exclusive deals.
What is the meaning of Sodexo Pass?
With an assumption that you are referring to Sodexo Meal Pass as Sodexo coupon, it is a prepaid instrument authorised by the Reserve Bank of India and issued by your organization to purchase ready to eat food and non – alcoholic beverages from any of the Sodexo affiliated outlets.
What is the use of Sodexo meal card?
You may use the Card to make payments for purchase of food and non-alcoholic beverages from Sodexo’s Merchants within India. The facility of balance transfer from one Card to another, cash withdrawal facility and the facility to make offline / MOTO transactions shall not be available on the Meal / Resto Pass Card.
Is Sodexo amount deducted from salary?
Yes, the free meal coupons like Sodexo are liable to tax. Our Income Tax law treats it as a free perquisite given by the employer to its employees and would be taxed if the value of the coupon exceeds Rs. 50 per meal then the excess value is taxable as a perquisite in the hands of the employee.
Is sodexo a good company?
On average, employees at Sodexo give their company a 3.6 rating out of 5.0 – which is 8\% lower than the average rating for all companies on CareerBliss. The happiest Sodexo employees are Operations Managers submitting an average rating of 4.1 and Retail Managers also with a rating of 4.1.
Does Amazon accept Sodexo meal pass?
The ‘Sodexo Meal Pass’ will allow Amazon employees to use their meal benefit at the nearest eatery, popular food portals and also at office cafeterias.
What is the Sodexo limit?
The amount loaded on Sodexo cards during any month shall not exceed ₹10,000 and the total amount loaded during the financial year shall not exceed ₹1,20,000. The amount outstanding at any point of time in such PPIs shall not exceed ₹10,000.
How bad is Sodexo?
They say, “Sodexo is not healthy. The food may sound healthy, but it is heavily processed and high in carbohydrates, fat, and chemicals.” Studies have shown that the fat, high sodium, and unknown processing chemicals found in Sodexo school lunch can lead to obesity, hypertension, and heart disease.
What are Sodexo meal pass coupons?
There are different kind of Sodexo coupons available. But mainly Sodexo Meal Pass coupons are given by employer to its employees monthly for tax saving purpose. The value of the coupons varies from employer to employer.
What are the benefits and rewards services of Sodexo?
Sodexo Employee Benefits and Rewards Services. Sodexo’s Benefits and Rewards Services help employers unlock their people’s potential and move their business forward. Offering meal & food vouchers, seasonal gifting, training, incentive programs and rewards, wellness and well-being programs, mobility and expense management.
Are Sodexo coupons taxable as perquisites?
The value of the coupons varies from employer to employer. It is observed that many of such employers as well as their employees are under the impression that sodexo coupons are fully exempt and are not taxable as perquisites irrespective of the amount. This is not correct interpretation of law.
How does Sodexho make money on meal vouchers?
But Sodexho charges a margin when the sell the coupons to employers and deduct some margin when they reimburse the food vendors. That way, they make money on both sides. As an employee, you always have an option of opting out of meal vouchers or increase or decrease the value depending on your salary bracket.
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