FBT ON MEDICAL EXPENSES
This query is : Resolved
14 February 2008
WHAT WILL BE FBT RATE ON MEDICAL EXPENSES TO BE PAID BY COMPANY IS IT 7 %
AND IS LTA APPLICABLE FOR FBT
AND IS LTA APPLICABLE FOR FBT
14 February 2008
fbt on medical expences is 20% of 33.66% that is 6.73% of total medical expences
fbt is not applicable on leav travelling allownce the lta would be taxable under the head Salaries subject to exemption U/S 10(5) and accordingly it would not be liable to FBT
fbt is not applicable on leav travelling allownce the lta would be taxable under the head Salaries subject to exemption U/S 10(5) and accordingly it would not be liable to FBT
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