To answer to your questions, i have taken the questions separately.
What is sodexo coupon?
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.
Where it can be used?
As the name suggests, it can be used in restaurants, hotels, grocery shops that are affiliated with the Sodexo.
Meal Pass can be used as a mode of payment for purchase of ready to eat food and non - alcoholic beverages from 18,000 Sodexo Affiliated outlets including in-house canteen/ food courts, restaurants, food outlets, etc across 1,350 Indian cities
What are the outlets which accept the Sodexo coupon instead of money?
You can refer the same in the link: https://svc.sodexo.co.in/SodexoAffiliateDirectory/mealdirectory.asp
Who can use this coupon?
Whoever possess the Sodexo coupon can use it. Though it has signature requirement in the coupon, this would be like bearer cheque. Whoever posses, can use it
What are the terms and conditions for using these types of coupons?
You should be using it for purchase of ready to eat food and non - alcoholic beverages in the affiliated outlets. You cannot exchange it for cash. You have to use it before the expiry date of the coupons.
What it the meaning of these coupon or why these type of coupons are produced?
These are meal vouchers / coupons. When the employee avail these coupons, they will receive it as coupons and not as cash, hence this amount would not be considered under taxable income
Hope this helps you to understand.
Arise awake and stop not till the goal is reached
Private company buys Sodexo coupon from its authorize dealer for less denomination amount, for example, Company or Employer used to buy Rs 100 voucher for Rs 90+including tax, thus, employer gets benefit and they used to give it to their employee for desired food purchase or grocery purchase where employee gets benifitted.
ISC Editor – Jobs