banner_ad

FBT EXPENSES

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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)
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
04 September 2008 The bonus has to be included in the salary of the employees and therefore the question of FBT thereon does not arise.
Profile Image

CA. Gurdeep Singh Chawla

Profile Image

CA. Gurdeep Singh Chawla (Expert)
04 September 2008 Bonus is not taxed under FBT
Profile Image

DIBYENDU

Profile Image

DIBYENDU (Querist)
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?
Profile Image

Raman R

Profile Image

Raman R (Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


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
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details