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is Medical reimbursment to employees taxable under FBT

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(Querist)
28 March 2008 is medical reimbursment exemption upto Rs 15000 taxable under FBT....
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
28 March 2008 YES REIMBURSEMENT UPTO 15000/-SHALL BE TAXABLE UNDER FBT
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R.V.RAO

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R.V.RAO (Expert)
28 March 2008 UNDER SEC 115 WB(1)DEEMED FRINGE BENEFITS INCLUDE EMPLOYEES WELFARE EXP.TAXED @20% UNDER FBT BUT DOES NOT INCLUDE ANY EXP. INCURRED OR PAID TO FULFIL ANY STATUTORY OBLIGATION OR MITIGATE OCCUPATIONAL HAZARD OR PROVIDE FIRST AID FACILITIES IN HOSPITAL OR DISPENSARY RUN BY THE EMPLOYER.
SO THE MEDICAL REIMBURSEMENTS DO NOT COME UNDER ABOVE CATEGORY AND TAXED AS FBT @20%IN THE HANDS OF THE EMPLOYER.
R.V.RAO
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Prasad R

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Prasad R (Expert)
28 March 2008 Yes reimbursement of medical expenses upto Rs 15000/- is liable to Fringe Benefit Tax.
Regards
Prasad.R
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
31 March 2008 yes
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