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Sodexo Multibenefit pass/Meal pass

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KingAAR

KingAAR

TF Ace
Hi
I have a lot of amount in sodexo and it may cross 1 lakh in next 10 days
Is there any method to transfer money from meal pass or multi benefit pass to bank account ??
Please tell me if any
It is a rupay prepaid card with multi benefit bin as 6075 77 and meal pass 6375 13
please help me anyone , specially @Abhishek012
 
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RupayMan said:
How do you say it's expiring next month? By looking at card expiry date? It won't expire like that, renewal card will carry forward the old card money. Also meal voucher and multi benefits card are separate entities, amount deposited in meal card cannot be used in multi benefits rupay card.
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I got this message mail, "Dear Pluxee User, Card ending xxxx with balance of INR xxx will expire in Mar/2024."
But then I confirmed with their Support team, the balance will be transferred to new card.

Also, you correctly pointed out that meal voucher and multi benefits card are separate entities and amount deposited in meal card cannot be used in multi benefits rupay card.
And I've checked I have balance only in my meal voucher & not in multi benefits rupay card.

So the problem is more serious now !! 😐 😑

Is there any way out here...apart from buying groceries ???
 
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AllThatStuff said:
I got this message mail, "Dear Pluxee User, Card ending xxxx with balance of INR xxx will expire in Mar/2024."
But then I confirmed with their Support team, the balance will be transferred to new card.

Also, you correctly pointed out that meal voucher and multi benefits card are separate entities and amount deposited in meal card cannot be used in multi benefits rupay card.
And I've checked I have balance only in my meal voucher & not in multi benefits rupay card.

So the problem is more serious now !! 😐 😑

Is there any way out here...apart from buying groceries ???
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grocery / food delivery only options for meal pass.. its a locked type credit.. as it is used for tax benefits so no other loophole available.. Best you can do is go to a shop and negotiate a cash return at a discount for paying by meal pass
 
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AllThatStuff said:
The cut they are asking is 10-15 % !!
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Bro why did you opt for Sodexo in first place? Just to save a mere amount of tax? But not using the card for so long? You already lost the very less benefit that is giving on it. Tax planning should be proper, otherwise we go for other routes to convert something for cash with loss in return, this void the actual purpose of Sodexo.

I suggest to use this card for all your monthly groceries and something that benefit you in any department store with non grocery items, look out for spar, big basket, and any physical store where they have a lot of home product things too.

Do note, the renewal card is 3 years validity, so u can use it, and i suggest don't opt for Sodexo again if you cannot use it wisely.
 
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RupayMan said:
Bro why did you opt for Sodexo in first place? Just to save a mere amount of tax?
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Why not bro...why give anything free to the govt? It is hard earned money....Amount doesn't matter...nobody shall take away my money for free

Worst case...go to a grocery store...offer him 10% if you dont want too much hassle

That is still free saving upto 25%-30% (including cess or whatever suss names apply I dont even look at names on my statement boils my blood)

Buy alcohol in case you drink some alcohol shops allowed it...used to do that earlier when I didnt use it for groceries
 
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msankadi said:
Why not bro...why give anything free to the govt? It is hard earned money....Amount doesn't matter...nobody shall take away my money for free

Worst case...go to a grocery store...offer him 10% if you dont want too much hassle

That is still free saving upto 25%-30% (including cess or whatever suss names apply I dont even look at names on my statement boils my blood)

Buy alcohol in case you drink some alcohol shops allowed it...used to do that earlier when I didnt use it for groceries
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Rightly said if we are in 30% tax bracket then it is better to take this card even if we lose 10% discount using some other card
 
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What is the maximum amount that companies put in to this card monthly? Our org puts 2200 per month.
If it is a savings of 30% (I am in 30% tax slab), I will be more than happy even if they put 10k per month in this card.
 
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cardio_guy said:
What is the maximum amount that companies put in to this card monthly? Our org puts 2200 per month.
If it is a savings of 30% (I am in 30% tax slab), I will be more than happy even if they put 10k per month in this card.
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I guess we get 2200 per month maximum rebate in tax. Whatever is extra might not be considered in tax rebate and hence would not be useful. Section Section 17(2)(viii).
 
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msankadi said:
oh wow i thought this is restricted by the indian govt....thanks for letting me know....seems it is restricted as a 'perk' the company provides via payment

which industry do you work in just curious (if you are okay to share)

Mine is 2200 limit too in pluxee
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Mine is PSU. So if the amount is more than 2200, then my Organisation pays the taxes for it on my behalf.
 
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ENIAC said:
It's not applicable
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I have never done a comprehensive old vs new tax evaluation (I know, pretty stupid) but based on my gut that the govt is just trying to loot those earning an honest income I always believed new tax regime is a way to trap the honest taxpayer esp with the clause that "you cannot switch back"

And all these exceptions of new regime I keep hearing just reinforces that my assumption was right all along that the govt is trying to trap me
 
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msankadi said:
I have never done a comprehensive old vs new tax evaluation (I know, pretty stupid) but based on my gut that the govt is just trying to loot those earning an honest income I always believed new tax regime is a way to trap the honest taxpayer esp with the clause that "you cannot switch back"

And all these exceptions of new regime I keep hearing just reinforces that my assumption was right all along that the govt is trying to trap me
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Exactly. People who want to hide some income can use old regime. Lot of places to show expenses and hide income. But once you go to new regime, it's all out and open. Can't hide anything anywhere.
That's why even I am in the old regime still.
 
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cardio_guy said:
Exactly. People who want to hide some income can use old regime. Lot of places to show expenses and hide income. But once you go to new regime, it's all out and open. Can't hide anything anywhere.
That's why even I am in the old regime still.
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Unfortunately I can't hide anything as I am salaried and that's the most vulnerable class where government extorts most money from

But the problem with new tax regime is that they are even taking away last resorts for genuine tax exemptions.. Like Sodexho is a genuine tax exemption which somehow government has removed


Basically standardisation or simplification is a dhong that we have just increase the tax
 
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