FBT on medical Reimbursement

This query is : Resolved

BINAYAK (Querist)
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17 November 2008 Hi,
I have incurred expense on medical reimbursement of employees. I want to know whether I am liable to pay FBT on Rs. 15000 which is exempt in the hands of employees.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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17 November 2008 Yes, FBT is applicable u/s 115WB(2)(E).

Ravikumar.G

Ravikumar.G (Expert)
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17 November 2008 Liable for FBT :
Expenditure actually incurred by the employee for medical treatment in an unapproved hospital upto Rs.15,000/- during the year.

Ravikumar.G

Ravikumar.G (Expert)
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17 November 2008 Not Liable for FBT :
Expenditure exceeding Rs.15,000/- during the year, actually incurred by the employee for medical treatment in an unapproved hospital.