FBT
This query is : Resolved
BISHNU DEO SHARMA
(Querist)
06 June 2009
Dear all freinds,
Can any body guide me, what is the exact treatment if medical expenses reimburse to our employees for FBT. Medical expenses fall in FBT Net or not. If fall up to what extent or what is the limit.
Pls. guide me urgently.
Regards
Bishnu Deo Sharma
Email id: bishnu_jsr@rediffmail.com
Can any body guide me, what is the exact treatment if medical expenses reimburse to our employees for FBT. Medical expenses fall in FBT Net or not. If fall up to what extent or what is the limit.
Pls. guide me urgently.
Regards
Bishnu Deo Sharma
Email id: bishnu_jsr@rediffmail.com
06 June 2009
no FBT upto Rs.15000
and
FBT applicable for any amt in excess of Rs.15000 per employee in Asst,.. Year
God bless U
and
FBT applicable for any amt in excess of Rs.15000 per employee in Asst,.. Year
God bless U
CA Nitin Wadhwani
(Expert)
07 June 2009
I think the answer is exactly the opposite.
FBT is leviable if medical reimbursement are less than 15,000/- under staff welfare expenses.
Not leviable if reimbursement exceed 15,000/- since it is then taxable to employee as perquistites u/s 17(2).
FBT is leviable if medical reimbursement are less than 15,000/- under staff welfare expenses.
Not leviable if reimbursement exceed 15,000/- since it is then taxable to employee as perquistites u/s 17(2).
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