|
Sl. No. |
Section under which chargeable
to Fringe Benefit Tax |
Nature of expenditure/
payment |
Amount of expenditure
incurred or payment made |
Deductions, if any |
Total |
Percentage expenditure/ Payment being
fringe benefits |
Value of fringe benefits |
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6)
(4-5) |
(7) |
(8) |
|
|
|
|
Debited to the Profit and Loss Account |
Accounted for in the balance sheet |
Reimbur sement |
Any other head |
Total |
|
|
|
|
|
1. |
115WB(1)(b) |
Free or concessional ticket provided by
the employer for private journeys of his employees or their family members |
|
|
|
|
|
|
|
100% |
|
|
2. |
115WB(1)(c) |
Any contribution by the employer to any
approved Superannuation fund for employees (see Note 1) |
|
|
|
|
|
|
|
100% |
|
|
3. |
115WB(2)(A) |
Entertainment |
|
|
|
|
|
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|
20% |
|
|
4. |
115WB(2)(B) |
Provision of Hospitality of every kind by
the employer to any person (see Note 2) |
|
|
|
|
|
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|
20%
(see Note 3) |
|
|
5. |
115WB(2)(C) |
Conference (other than fee for
participation by the employees in any conference (see Note 4) |
|
|
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|
|
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|
20% |
|
|
6. |
115WB(2)(D) |
Sales promotion including publicity (see
Note 5) |
|
|
|
|
|
|
|
20% |
|
|
7. |
115WB(2)(E) |
Employees’ Welfare (see Note 6) |
|
|
|
|
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|
20% |
|
|
8. |
115WB(2)(F) |
Conveyance, tour and travel (including
foreign travel) (see Note 7) |
|
|
|
|
|
|
|
20%
(see Note 8) |
|
|
9. |
115WB(2)(G) |
Use of hotel, boarding and lodging
facilities |
|
|
|
|
|
|
|
20%
(see Note 9) |
|
|
10. |
115WB(2)(H) |
Repair, running (including fuel),
maintenance of motor cars and the amount of depreciation thereon |
|
|
|
|
|
|
|
20%
(see Note 10) |
|
|
11. |
115WB(2)(I) |
Repair, running (including fuel) and
maintenance of aircrafts and the amount of depreciation thereon |
|
|
|
|
|
|
|
20%
(see Note 11) |
|
|
12. |
115WB(2)(J) |
Use of telephone (including mobile phone)
other than expenditure on leased telephone lines |
|
|
|
|
|
|
|
20% |
|
|
13 |
115WB(2)(K) |
Maintenance of any accommodation in the
nature of guest house other than accommodation used for training purposes |
|
|
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|
|
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|
20% |
|
|
14. |
115WB(2)(L) |
Festival celebrations |
|
|
|
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|
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|
50% |
|
|
15. |
115WB(2)(M) |
Use of health club and similar facilities |
|
|
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|
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|
50% |
|
|
16. |
115WB(2)(N) |
Use of any other club facilities
|
|
|
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|
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|
50% |
|
|
17. |
115WB(2)(O) |
Gifts |
|
|
|
|
|
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|
50% |
|
|
18. |
115WB(2)(P) |
Scholarships |
|
|
|
|
|
|
|
50% |
|
|
19. |
115WB(2)(Q) |
Tour and Travel (including foreign travel)
(see Note 12) |
|
|
|
|
|
|
|
5% |
|
