Dear Sir,
I want to know that if any amount in shape of T.A./D.A. (Daily Allowance) (for other than Boarding & Lodging Expenses) given to employee travelling for Official Work is chargeable to F.B.T. or not.
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F.B.T. on T.A. D.A.
Replies (5)
The fixed TA/DA is subject to FBT.
iam working as accountant in ivoice networks pvt ltd iwant details abount sec 80c,80cc
yes FBT is applicable
Travelling is an FBT item attracting 5% cent FBT and Dearness Allowane is also subject ot FBT.
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