FBT on reimbursement of medical expenses
This query is : Resolved
rakesh sharma
(Querist)
12 August 2008
Reimbursement of medical expenditure upto Rs 15000/- is not treated as prequisite hence it is not not included in employee;s income , hence not chargeable to tax.
is this amount covered under FBT. Is company liable to pay FBT on the same.
is this amount covered under FBT. Is company liable to pay FBT on the same.
rakesh sharma
(Querist)
12 August 2008
89
CA Hemant T Dewani
(Expert)
12 August 2008
yes you will pay the same
CA Abhishek Tyagi
(Expert)
12 August 2008
Yes Hemant is right. Company have to pay FBT on medical reimbursement upto 15000/- as the same is exempt in the hands of the employees. But over & above that limit it will be taxable in the hands of employees so there is no question of FBT over & above 15000/-
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