banner_ad

FBT- Taxability

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 January 2009 If an employer paid Rs 2000 as telephone and medical allowance to his employee for the year. Employee has produced Rs 1000 bills against the same. in the hands of employee the balance Rs 1000 will be taxable but i want to know that employer will pay FBT on Rs 2000 or on Rs 1000...

expecting a good illustrative answer for the same on the basis of act.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
09 January 2009 Rs 2000/- is taxable in the hands of the employee u/s17(3) of the Income Yax Act,1961. No allowance u/s 10(14) is allowable for Rs.1000/-. In view of this section 115 WB(2)(J) OF FINANCE ACT,1994 WILL NOT APPLY FOR THE SAID PAYMENT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!




Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details