FBT on Fooding Allowance
This query is : Resolved
Mahender Jain
(Querist)
17 February 2009
our Company giving Fooding Allowance to some employees Rs. 1000/- pm
whether this Fooding Allowance will applicable for FBT or will add in Salary of Employees,
assume if actual fooding exp bill have shown by employee , then what its treatment
whether this Fooding Allowance will applicable for FBT or will add in Salary of Employees,
assume if actual fooding exp bill have shown by employee , then what its treatment
CA. B.SRINIVASULU
(Expert)
17 February 2009
If cash is paid like adhoc amount then it will be added to the salary of the employee.
If you are giving actual re-imbursement based on bills produced by them irrespective of the amount or on certain basis then it will attract FBT.
If you are giving actual re-imbursement based on bills produced by them irrespective of the amount or on certain basis then it will attract FBT.
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