A couple of more questions on FBT.
I am told by my company HR that until Rs 1300 there is no FBT on Food Coupons.Beyond that we would have an FBT charged for the coupon amount which is again limited by your basi pay.In this forum I get to understand otherwise i.e there is no limit for food coupons. What exactly is the scenario.
a) What is the maximum Food coupons without FBT ?
b)What is the maximum with FBT.What is the limit it is subject to?
My second question is on the Vehicle Maintenance /Petrol reimbursement.
Is it subject to FBT at all.If so what is the Limit?
CAclubindia
