FBT on Fixed Allowances
This query is : Resolved
24 September 2008
My Client has been Paying Fixed Allowances to their employees as Conveyance,Mobile & Fooding.Whether it will attract FBT Liability?if it than guide it.
24 September 2008
If your client considers the allowance as part of the salary and hence subjects them to tax then FBT is not applicable.
Guest
Guest
(Expert)
24 September 2008
The said fixed allowances does not attact the provisions of the FBT.
24 September 2008
If they are form part of salary no FBT. Otherwise FBT will attract.
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