REG - TAX
This query is : Resolved
11 July 2009
hi friends
i am working in private company
earlier we are providing the facilities of car & driver to our employees and paying FBT on them
but for now FBT was abloised
now is it Taxable in hands of employees
if yes then what %
and how i will calculate
2. we are also reimburshing the Driver Salary & fuel bill & telephone bill of our employees
now is it also taxable in hands of employees
pls suggest me
i am working in private company
earlier we are providing the facilities of car & driver to our employees and paying FBT on them
but for now FBT was abloised
now is it Taxable in hands of employees
if yes then what %
and how i will calculate
2. we are also reimburshing the Driver Salary & fuel bill & telephone bill of our employees
now is it also taxable in hands of employees
pls suggest me
CA. B.SRINIVASULU
(Expert)
11 July 2009
It will be treated as perquisite in the hands of the employee.
detailed procedure we will get on passing of budget. We have to wait for another 15days for proper guidelines.
detailed procedure we will get on passing of budget. We have to wait for another 15days for proper guidelines.
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