Is FBT payable on labour welfare also..? as in case of staff welfare....
Is FBT payable on labour welfare also..? as in case of staff welfare....
Yes, except on refreshments provided to labour within the factory premises, as in case of staff welfare.
yes FBT is payable on labour Wefare @ 20% of value of FB * Rate of tax
thanks..
so we can conclude that labour is included in the definition of employees for FBT purposes..
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