Common questions

Why do companies give Sodexo?

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Why do companies give Sodexo?

Why Sodexo? Because of govt policy which allows tax exemption on money spent on food during working hours (Upto Rs 50 per meal), concept of meals coupons came into being. (Employee takes these coupons instead of cash, amount spent on these coupons, subject to max 3000 per month, is exempted from income tax.

What benefits does Sodexo offer?

Sodexo, Inc. Benefits

  • Health Insurance.
  • Accidental Death & Dismemberment Insurance.
  • Temporary Disability Insurance.
  • Long-term Disability Insurance.
  • Life Insurance.
  • Prepaid Legal.
  • Vision Insurance.
  • Dental Insurance.

How does Sodexo help with tax?

If you don’t opt for the new tax regime, and you get meal vouchers, such as Sodexo coupons, these are exempt from tax to the extent of 50 per meal.

How does Sodexo coupon work?

For an example in office you declare that need a Sodexo meal voucher of 100 Rs for this month. By doing so, the company gives 100 Rs to Sodexo Company and the Sodexo company in turn gives 100 Rs worth of meals voucher . The shop owner submits this voucher to Sodexo company and gets back 95 Rs within 20 days.

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What is Sodexo eligible?

Sodexo offers employee benefits and incentive and recognition programs like food coupons. Sodexo coupons are generally provided by employers to their employees. These coupons can be used at grocery stores, restaurants and cafeterias.

Why is sodexo so bad?

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.

Is Sodexo a good company to work for?

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 Retail Managers submitting an average rating of 4.1 and Operations Managers also with a rating of 4.1.

Does Sodexo give raises?

Management and training are non existent. It’s also almost impossible to get a raise or promotion. It’s also almost impossible to get a raise or promotion.

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What is LTA and how do you claim it?

Leave Travel Allowance or LTA allows individuals to claim tax exemption for a trip made within India for the taxpayer and his/her family under Section 10(5). Under LTA, the employees can claim the fare tickets as an exemption for travelling anywhere in India twice in a block of 4 years.

How do I claim food coupons exemption?

Meal coupons are provided by the employer on an amount calculated for two meals per working day. The annual allowance for meal coupons works out to be Rs 26,400 and is tax-exempt in the hands of the employee.

Are sodexo coupons tax free?

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.

How does sodexo generate revenue?

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Sodexo charges 2\% to Big Bazaar as well when they want to encash these Sodexo coopons. So sodexo earns a lot of profit through this conversion of Sodexo coupons to INR and vice versa. This is very similar to Banks earning through their POS swipe machines, they charge 1.8\% as transaction fees.