Sr. No.
Type of expense
Relevant clause of section 115WB
Proportion of the expense considered to be fringe benefit (in percentage)
Sub-section {1) of section 115WB (fringe benefits}
1.
Any privilege, service, facility or amenity provided by the employer to the employees
Clause (a)
_
2.
Any free or concessional ticket provided by the employer for the private journey of the employees or their family members
Clause (b)
100% of the actual cost incurred by the employer in providing the same facility to the general public as reduced by the amount, if any, paid by, or recovered from, the employees
3.
Any contribution by the employer to the approved superannuation fund for the employees
Clause (c)
100%
Sub-section (2} of section 115WB (deemed fringe benefits)
4.
Entertainment
Clause (A)
20%
5.
Hospitality
a. Hotels (Other than restaurants)
b. Others
Clause (B}
05%
20%
6.
Conference
Clause (C)
20%
7.
Sales promotion and publicity
Clause (D)
20%
8.
Employees' welfare
Clause (E)
20%
9.
Conveyance, tour and travel (including foreign travel)
a. Manufacturer of Pharmaceutical products
b. Construction Business
c. Manufacture of Computer software
d. Others
Clause (F)
05%
05%
05%
20%
10.
Use of hotel, boarding and lodging facilities
a. Manufacturer of Pharmaceutical products
b. Manufacturer of Computer Software
c. Others
Clause (G)
05%
05%
20%
11.
Repair, running (including fuel), maintenance of motorcars and the amount of depreciation thereon
a. For Business of Transportation of Passenger and Goods by motor car.
b. Others
Clause (H)
05%
20%
12.
Repair, running (including fuel), maintenance of aircrafts and the amount of depreciation thereon
a. For Business of Transportation of Passenger and Goods by Air Craft.
b. Others
Clause (I)
05%
20%
13.
Use of telephone (including mobile phone) other than expenditure on leased telephone lines
Clause (J)
20%
14,
Maintenance of any accommodation in the nature of a guesthouse
Clause (K)
20%
15.
Festival celebrations
Clause (L)
50%
16.
Use of health club and similar facilities
Clause (M)
50%
17.
Use of any other club facilities
Cause (N)
50%
18.
Gifts
Clause (0)
50%
19.
Scholarships
Clause (P)
50%