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Medical Reamburshment

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28 September 2007 Hell all,

Our company is giving medical reamburshment on half yearly basis. My querry are:
1) On monthly Rs. 1250/- what would be the FBT.
2) Can company recover FBT from employees?

CS Jatin

28 September 2007 Medical Reimbursement is Exempt to the limit of 15000, No FBT would be attracted

28 September 2007 If it is form part of salary and maximum upto Rs.15,000/- there is no question of FBT. If exceeds Rs.15,000/- but is it is form part of salary which is considered as employee salary and respective TDS is deducted from employees there is no question of FBT.Otherwise FBT will attract.

11 November 2007 Useful input.

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