banner_ad

FBT

Others 1885 views 8 replies
User Avatar

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

Reply Share Follow
On 11 June 2007 at 00:00 Report
Replies (8)
User Avatar

Guest
459055 Points Posted on 11 June 2007
Cash incentive is taxable in the hands of employee .....hence no FBT
368 Reply
On 11 June 2007 at 00:08
User Avatar

Guest
459055 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.
368 Reply
On 11 June 2007 at 05:43
User Avatar

article asst
29 Points Posted on 12 June 2007
thank you
Reply
On 12 June 2007 at 06:54
User Avatar

article asst
29 Points Posted on 12 June 2007
thank you sanket
Reply
On 12 June 2007 at 06:54
User Avatar

Guest
459055 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.
368 Reply
On 13 June 2007 at 01:19
User Avatar

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.
Reply
On 13 June 2007 at 10:02
User Avatar

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
Reply
On 23 August 2007 at 16:47
User Avatar

Guest
459055 Points Posted on 05 September 2007
Cash Incentive is taxable in the hands of Employees. No FBT on Employer
368 Reply
On 05 September 2007 at 19:57


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details