FBT

Mr.Ravi Jagetiya, dont worry.FBT is applicable only for cars and aircrafts.It doesnot apply for two-wheelers.So go ahead and work cool.

thanks dear

One more thing as u know medical reimbursemnt up to 15000 is exemp , but employee is reimbursed over to the limit whether it comes in FBT criteria or note.

Upto Rs.15,000.00, medical reimbursements are exempt in the hands of the employee, but the employer has to pay FBT on such amount.

If medical reimbursement exceeds Rs.15,000.00, then the amount exceeding Rs.15,000.00 will be taxable in the hands of the employee.

Medical reimbursement up to Rs 15,000 will be chargeable under FBT and any excess reimbursement shall be taxed as perquisite in the hands of employee.

Refer the link:

https://economictimes.indiatimes.com/Tax_News/Perks_lose_their_charm_as_taxing_times_come_calling/articleshow/2863270.cms

thanks dear