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1. What are Ticket Restaurant® Meal Vouchers?
Ticket Restaurant® Meal Vouchers from Edenred are food coupons given by organisations to you to have a meal at your convenience. These vouchers are given by law as a social benefit.
2. What is the Tax Benefit?
Recent Valuation of perquisites rules mentions meal allowance through meal vouchers can be provided upto Rs.50/- per meal during working hours. It is a competitive scenario wherein the employee is working harder than ever before. Therefore, we recommend, assuming that any employee would consume at least two meals during work hours (breakfast and lunch or evening snacks and dinner), and hence at the rate of Rs.50 per meal, the company could provide Rs.100 per working day as the maximum allowance to the employee. Hence, if you opt for Ticket Restaurant®Meal Vouchers @ Rs. 100/- (Rs. 50/- per meal x 2) per working day, instead of cash in your salary, the tax you save on Rs. 31200/- i.e. (Rs. 100/- x 26 days x 12 months) is:
|
Tax Slab |
30.90% |
20.60% |
10.30% |
Ticket Restaurant® Meal Vouchers |
|
Meal Allowance |
|
|
Meal Allowance* |
31200 |
31200 |
31200 |
31200 |
|
Tax Deduction |
9641 |
6427 |
3214 |
NIL |
|
Net |
21559 |
24733 |
27986 |
31200 |
Disclaimer:The above responses are made to the best of our understanding and interpretation of the subject matter and should be used with the same in mind. Recipients are advised to obtain their respective interpretations as they deem fit.
3. How and where can I use Ticket Restaurant® Meal Vouchers?
Ticket Restaurant® Meal Vouchers can be used as a mode of payment for purchase of food items and non - alcoholic beverages. Typically, you can use these at Restaurants, Sweet Shops, Bakeries, Fast Food Corners and Food Outlets.
4. Can I use Ticket Restaurant® Meal Vouchers anywhere in India/company cafeteria?
- Yes. At present Ticket Restaurant® Meal vouchers can be used in any of the 200 listed cities in more than 12000+ food outlets in the Ticket Restaurant® affiliate network. The network keeps increasing in order to provide greater choice
- Yes. If the caterer is affiliated with Edenred
5. Will Accor Services affiliate an outlet of my choice?
Yes. The request for the same should be sent through your company.
7. How will I know the food outlets that are accepting Ticket Restaurant® Meal Vouchers?
Through the Ticket Restaurant® Meal Voucher affiliate directory
Stickers displayed at the entrance / cash counter of affiliated outlets
Edenred website www.edenred.co.in
E - Assist - Edenred dedicated in - house customer contact center
8. In what form do I get the Ticket Restaurant® Meal Vouchers?
Ticket Restaurant® Meal Vouchers are provided in a booklet form, in different denominations, ranging from Rs. 5/- to Rs. 100/-
9. Do I pay the same price for Food & Beverages with Ticket Restaurant® Meal Vouchers as I do with cash?
All Ticket Restaurant® Meal Vouchers affiliated outlets are bound to charge you as per the MRP/Listed Price. In case of overcharging above MRP/Listed Price you should not go ahead with the purchase. A complaint needs to be lodged with the designated Manager in your company who will then pass this on to E - Assist, who in turn will deal with this outlet by taking necessary action. You will receive feedback on the action taken.
10. What happens when an outlet refuses to accept Ticket Restaurant® Meal Vouchers?
These affiliated outlets are regularly serviced by Edenred, to ensure 100% acceptance. A complaint needs to be lodged with the designated Manager in your company who will then pass this on to E - Assist, who in turn will deal with this outlet by taking necessary action. You will receive feedback on the action taken.
11. Is there a help desk to locate affiliated outlets or lodge complaints?
Yes. Edenred provides a dedicated in - house contact centre - E - Assist, to help us serve you better!
12. What is the validity of Ticket Restaurant® Meal Vouchers?
Ticket Restaurant® Meal Vouchers are now valid up to 18 months. E.g. 2010 Ticket Restaurant® Meal Vouchers are valid up to 31st December 2010, whereas 2010 Ticket Restaurant® Meal Vouchers issued from July 2011 are valid up to December 2011providing our users validity period of 18 months.
13. What are the credentials of Edenred?
- Edenred is the world’s leading issuer of prepaid services delivering solutions in the areas of employee and public benefits, rewards and loyalty and expense management
- Edenred is operating in since past 40 years
- Edenred has presence in 40 countries across 5 continents
- Previously Edenred was Accor Services, one of the two core businesses of the Accor Group. Currently a European leader in hospitality
- It has over 6000 employees
- It has 5,00,000+ corporate and public customers
- The company has 33 million service users globally
- It has 1.2 million affiliated establishments
- ISO 9001:2000 Certified
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