Fringe Benefit Tax

This query is : Resolved 

17 March 2008 Sir/Madam,

Please send me the FBT calculation sheet applicable for private companies for the F/Y 2007-08.

Regards,
Daulat

17 March 2008 Dear Daulat
Please see the Form ITR V for Compines from which made a Excle sheet and ho ahed for the same

20 March 2008 Hey i will just brief you regarding the FBT calculation.

First find out the expenses which is considered for FBT purpose.

Apply the rate ( 20%/50%/ other if any)

The above will be the cost of frienge benefit.

Apply 33.99% ( rate applicable for PVT co.) on the cost of frienge benefit and you will find out the Fringe Benefit Tax.



24 March 2008 Thanks for the guidance from the expert. It is really help me for the FBT computation.


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