FBT on medical Reimbursement
This query is : Resolved
17 November 2008
Hi,
I have incurred expense on medical reimbursement of employees. I want to know whether I am liable to pay FBT on Rs. 15000 which is exempt in the hands of employees.
I have incurred expense on medical reimbursement of employees. I want to know whether I am liable to pay FBT on Rs. 15000 which is exempt in the hands of employees.
17 November 2008
Yes, FBT is applicable u/s 115WB(2)(E).
17 November 2008
Liable for FBT :
Expenditure actually incurred by the employee for medical treatment in an unapproved hospital upto Rs.15,000/- during the year.
Expenditure actually incurred by the employee for medical treatment in an unapproved hospital upto Rs.15,000/- during the year.
17 November 2008
Not Liable for FBT :
Expenditure exceeding Rs.15,000/- during the year, actually incurred by the employee for medical treatment in an unapproved hospital.
Expenditure exceeding Rs.15,000/- during the year, actually incurred by the employee for medical treatment in an unapproved hospital.
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