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FBT on reimbursement of medical expenses

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rakesh sharma

rakesh sharma (Querist)
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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.

rakesh sharma

rakesh sharma (Querist)
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12 August 2008 89

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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12 August 2008 yes you will pay the same

CA Abhishek Tyagi

CA Abhishek Tyagi (Expert)
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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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