fringe Benefit Tax
This query is : Resolved
01 May 2008
Can any one tell me whether following expenses are chargeable under FBT or not: 1)company contribution towards Labourwelfare fund.
2) Staff Recruitment Exp
3) Education Reimbursement
4) Staff Transport Exp.
5) Funeral exp
6) Insurance Exp borne for the motorcar used by employee.
2) Staff Recruitment Exp
3) Education Reimbursement
4) Staff Transport Exp.
5) Funeral exp
6) Insurance Exp borne for the motorcar used by employee.
01 May 2008
1 if statutory- then not
2 not liable to fbt
3 yes
4 can't say
5 yes
2 not liable to fbt
3 yes
4 can't say
5 yes
01 May 2008
Please tell me whether medical expenses incurred for hospitalisation of employees or family members is chargeable to FBT if expenses is more than 15000 Rs in a year?
CA Hemant T Dewani
(Expert)
01 May 2008
expencess uo to 15000/- is chargable to fbt in excess of 15000/- is not chargable it is chargable to employees salary
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