Hi.. I u/stnad food/meal voucher is fully exempted from FBT, which showing the same in employee’s salary slip, whether the amount taxable for employee?. Kindly advise. Regards, Ramesh kannan G
From India, Coimbatore
From India, Coimbatore
Ramesh,
I am not answering your question directly...
Sodexho charges (Service Tax 2.5 and Service Charge of 12.24% on Service tax in addition to these there are delivery charges too which is negotiable based on the volume of order)
Is your company willing to pay these charges or are they pushing the cost to employees?
Say for example if the Net coupon given to employee 1070/- then the 30 rs is borne by the company?
Secondly you have an option of not showing it in Salary Slip? because anyways that is not paid in form of cash? Like in my company we do not show it in Salary Slip...Typically from accounting perspective too non-cash items need not be listed in Salary Slip ...
Cheers, Nikita
From India
4I am not answering your question directly...
Sodexho charges (Service Tax 2.5 and Service Charge of 12.24% on Service tax in addition to these there are delivery charges too which is negotiable based on the volume of order)
Is your company willing to pay these charges or are they pushing the cost to employees?
Say for example if the Net coupon given to employee 1070/- then the 30 rs is borne by the company?
Secondly you have an option of not showing it in Salary Slip? because anyways that is not paid in form of cash? Like in my company we do not show it in Salary Slip...Typically from accounting perspective too non-cash items need not be listed in Salary Slip ...
Cheers, Nikita
From India
Hello Ms. Nikita Thanks for your adivise. Noted....not to shwon on salary slip & the amount could be accounted as expenses. With Regards, Ramesh kannan G
From India, Coimbatore
From India, Coimbatore
Hi Ramesh
As per the income tax rules - if company is providing the food it is not taxable. Food pass started on this clause. As per the rules company can provide to a maximum of Rs.13,200/- food passes (per annum). Till this amount it is tax free to the employee. Above this it is taxable.
Each company will provide food passes on this basis. But if your company decides to give more you can. but the employee does not get the higher benefits
Regards
S.Wajeed Babu
HR ADMIN
Smart Data Processing
Bangalore
From India, Bangalore
As per the income tax rules - if company is providing the food it is not taxable. Food pass started on this clause. As per the rules company can provide to a maximum of Rs.13,200/- food passes (per annum). Till this amount it is tax free to the employee. Above this it is taxable.
Each company will provide food passes on this basis. But if your company decides to give more you can. but the employee does not get the higher benefits
Regards
S.Wajeed Babu
HR ADMIN
Smart Data Processing
Bangalore
From India, Bangalore
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