FBT on reimbursement of medical expenses
This query is : Resolved
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.
12 August 2008
89
12 August 2008
yes you will pay the same
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/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- ITR 4 OR ITR 3 WHICH FORM CHOOSE
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
