03 September 2008
if a company pay some additional amount to there labours as bonus on the occation of any festival (say Durgotsav, holi etc.)over there additional wages, is this expenditure came under staff welfare and taxed FBT u/s 115WB(2)(E) or it is treated as festival celebration expenses and taxed FBT u/s 115WB(2)(l)
04 September 2008
thanks but i am deal about labous, they are not salaried employee, they are workers and we pay wages for there work, if they have no PAN or not submit return to I.T.O. then?
04 September 2008
As Mr. Raghavan has stated bonus is part of remuneration payable to an employee and it should be classified under salary. Hence the question of FBT does not arise.
CAclubindia
