fbt
This query is : Resolved
08 April 2009
can any tell me the rason of excluding (tea coffee and lunch provide to employees in office premises n factory)from the net of FBT.
also give clear crisp reading on fbt ( if Anyone hv it)
plz help me
also give clear crisp reading on fbt ( if Anyone hv it)
plz help me
08 April 2009
Companies were using staff welfare as a route to pay the remuneration without attracting tax to the employee. Say club bills and club membership and get-togethers etc. which is not required to discharge their duties. But department cannot control the spending of the company therefore they have introduced fbt on the same. But coffee tea or lunch is a must for employees at the work place for relaxation and if their work start at odd times they should be provided with lunch also if the factory or office is situated at outscrits. Therefore the same has been excluded under the purview of fbt.
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