FBT
This query is : Resolved
Shailesh Shah
(Querist)
15 June 2009
In Salary there is portion Conveyance and Medical Allowance which are exempted from Income tax up to certain extent.
Does this attract FBT for the company ?
Does this attract FBT for the company ?
15 June 2009
FBT is not applicable on Conveyance Allowance
CA Nitin Wadhwani
(Expert)
15 June 2009
FBT is leviable on Medical Reimbursement upto 15000/- in a unapproved hospital.
No FBT on Conveyance allowance and Medical Allowance.
No FBT on Conveyance allowance and Medical Allowance.
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