banner_ad

FBT Calculation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 April 2008 Dear All,

Please tell me the FBT Calculation on which expenses and FBT rates to be calculated.

Thanks
Harpreet
Profile Image

C.rajesh

Profile Image

C.rajesh (Expert)
23 April 2008 there is a nice file for FBT calculation in the share file section. please search for it and your problem may be solved.
Profile Image

Hari Venkata Ramana

Profile Image

Hari Venkata Ramana (Expert)
23 April 2008 U may refer section 115 (W) AS WELL AS BOOK ON Frigne Benefit Tax by Taxmann Publications. You can ask if you have any specific Doubt.I can briefly say that now FBT is payable on estimated expenditure as Advance tax. Some expenditre are taxable at 20% value, some on 50% value and other at 100 %. Benefits provided by the employer which is taxable in the hands of employee need not be considered for FBT purpose. Latest Guest House expenditure is exempted from FBT. Pre Paid food coupons which is not transferrable is also exempted.

Regards,
Profile Image

CA Shailesh +91 9393926464

Profile Image

CA Shailesh +91 9393926464 (Expert)
24 April 2008 Collect the FBT calculator from our shared files
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
25 April 2026
Tax Executive/Manager

BDMV & Co, Chartered Accountants

Mumbai

CA Final

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details