FBT Tax

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kumaresan (Querist)
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24 December 2009 When CTC Concept all FBT tax are deducted by the company and remitted to department. Now when there is change in perks calculation and tax to be paid by employee, what happen to FBT Paid out of his salary in earlier months during this FY 09-10?

Is FBT Already paid by the company,On withdrawal of such provisions, weather company will be getting refund? Weather such refunds will be treated as other income and taxable in the hands of the company?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 December 2009 Actually FBT is to be paid by employer for CTC Concept if the recover the same concept of Govt aready told can be adjusted against income tax. employer have to repay or adjust against you Income tax

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