fringe benefit tax
This query is : Resolved
26 September 2008
Sir, can i get the details of which are the expenses liable to pay fringe benefit tax and its percentages.
26 September 2008
Section under which chargeable to Fringe Benefit Tax Nature of expenditure / payments Percentage expenditure / Payment being Fringe Benefits
2 3 7
115WB(1)(b) Free or concessional ticket provided by the employer for private journeys of his employees or their family members 100%
115WB(1)(c) Any contribution by the employer to any approved Superannuation fund for employees 100%
115WB(2)(A) Entertainment 20%
115WB(2)(B) Provision of Hospitality of every kind by the employer to any person 20%
115WB(2)(C) Conference (other than fee for participation by the employees in any conference 20%
115WB(2)(D) Sales Promotion including publicity 20%
115WB(2)(E) Employees' Welfare 20%
115WB(2)(F) Conveyance, tour and travel (including foreign travel) 20%
115WB(2)(G) Use of hotel, boarding and lodging facilities 20%
115WB(2)(H) Repair, running (including fuel), maintenance of motor cars and the amount of depreciation thereon 20%
115WB(2)(I) Repair, running (including fuel), maintenance of aircrafts and the amount of depreciation thereon 20%
115WB(2)(J) Use of telephone (including mobile phone) other than expenditure on leased telephone lines 20%
115WB(2)(K) Maintenance of any accomodation in the nature of guest house other than accommodation used for training purposes 20%
115WB(2)(L) Festival celebrations 50%
115WB(2)(M) Use of health club and similar facilities 50%
115WB(2)(N) Use of any other club facilities 50%
115WB(2)(O) Gifts 50%
115WB(2)(P) Scholarships 50%
115WB(2)(Q) Tour and Travel (including foreign travel) 5%
2 3 7
115WB(1)(b) Free or concessional ticket provided by the employer for private journeys of his employees or their family members 100%
115WB(1)(c) Any contribution by the employer to any approved Superannuation fund for employees 100%
115WB(2)(A) Entertainment 20%
115WB(2)(B) Provision of Hospitality of every kind by the employer to any person 20%
115WB(2)(C) Conference (other than fee for participation by the employees in any conference 20%
115WB(2)(D) Sales Promotion including publicity 20%
115WB(2)(E) Employees' Welfare 20%
115WB(2)(F) Conveyance, tour and travel (including foreign travel) 20%
115WB(2)(G) Use of hotel, boarding and lodging facilities 20%
115WB(2)(H) Repair, running (including fuel), maintenance of motor cars and the amount of depreciation thereon 20%
115WB(2)(I) Repair, running (including fuel), maintenance of aircrafts and the amount of depreciation thereon 20%
115WB(2)(J) Use of telephone (including mobile phone) other than expenditure on leased telephone lines 20%
115WB(2)(K) Maintenance of any accomodation in the nature of guest house other than accommodation used for training purposes 20%
115WB(2)(L) Festival celebrations 50%
115WB(2)(M) Use of health club and similar facilities 50%
115WB(2)(N) Use of any other club facilities 50%
115WB(2)(O) Gifts 50%
115WB(2)(P) Scholarships 50%
115WB(2)(Q) Tour and Travel (including foreign travel) 5%
26 September 2008
and at the value of Fringe Benfits 33.99% is the Fringe Benefit Tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
