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FBT

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article asst
29 Points Posted on 11 June 2007

 cash incentive given to employees

will it taxable in the hands of the employee as perq

or

will the employer pay FBT on it

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On 11 June 2007 at 00:00 Report
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460605 Points Posted on 11 June 2007
Cash incentive is taxable in the hands of employee .....hence no FBT
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On 11 June 2007 at 00:08
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460605 Points Posted on 11 June 2007
cash incentive is basically a part of salary so it will be treated as perquisites and accordingly taxable i.e. liable to tds.
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On 11 June 2007 at 05:43
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article asst
29 Points Posted on 12 June 2007
thank you
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On 12 June 2007 at 06:54
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article asst
29 Points Posted on 12 June 2007
thank you sanket
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On 12 June 2007 at 06:54
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460605 Points Posted on 13 June 2007
Dear friend, all obligations are taxable in the hand of employee. cash incentive is a obligation for a employee. so it will be taxable in the hand of employee vice versa fbt is not liable on cash incentive.
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On 13 June 2007 at 01:19
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Service
107 Points Posted on 13 June 2007
No FBT is levied on cash incentives as it is not covered by the exclusive list of expenses chargeable to FBT. Secondly cash incentives are taxable in the hands of employees and hence no FBT shall be payable on it.
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On 13 June 2007 at 10:02
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CA Student
42 Points Posted on 23 August 2007
See income tax act 17(1)( d) for this . any other cash allowance is fully taxable in the hand of the employees. OK
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On 23 August 2007 at 16:47
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460605 Points Posted on 05 September 2007
Cash Incentive is taxable in the hands of Employees. No FBT on Employer
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On 05 September 2007 at 19:57


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