FBT CALCULATION
This query is : Resolved
Aneesh Nair
(Querist)
22 May 2008
I just want to know that my calculation of FBT is currect or not,
if a i pay to my employee Telephone exp Rs 1000. the base valuation is 20% of 1000 i.e 200 and FBT is 30% of 200 = 60
if my caluculation is not correct please tell me how to calulate FBT
if a i pay to my employee Telephone exp Rs 1000. the base valuation is 20% of 1000 i.e 200 and FBT is 30% of 200 = 60
if my caluculation is not correct please tell me how to calulate FBT
CA Hemant T Dewani
(Expert)
22 May 2008
your calculation is right but you will add surcharge & education cess+shec=33.99%
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