FBT Rates

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CA CS Akashdeep Singh

Practicing CA

1394 Points Joined June 2008

Sl. No. Section under which chargeable to Fringe Benefit Tax Nature of expenditure /payment Percentage expenditure/payment being fringe benefits
1 2 3 7

1. 115WB(1)(B) Free or concessional ticket provided by the employer for private journeys of his employees or their family members 100
2. 115WB(1)(C) Any contribution by the employer to any approved Superannuation fund for employees(see Note 1) 100
3. 115WB(2)(A) Entertainment 20
4. 115WB(2)(B) Provision of Hospitality of every kind by the employer to any person (see note 2) 20
5. 115WB(2)(C) Conference (other then fee for participation by the employees in any conference (see Note 4) 20
6. 115WB(2)(D) Sales promotion including publicity (see Note 5) 20
7. 115WB(2)(E) Employees' Welfare (see Note 6) 20
8. 115WB(2)(F) Conveyance, tour and travel (including foreign travel)(see Note 7) 20
9. 115WB(2)(G) Use of hotel, boarding and lodginh facilities 20
10. 115WB(2)(H) Repair, running (including fuel) maintenance of motor cars and the amount of depreciation thereon 20
11. 115WB(2)(I) Repair, running (including fuel) maintenance of aircrafts and the amount of depreciation thereon 20
12. 115WB(2)(J) Use of telephone(including mobile phone)other than expenditure on leased telephone lines 20
13. 115WB(2)(K) Maintenance of any accommodation in the nature of guest house other than accomodation used for training purposes 20
14. 115WB(2)(L) Festival celebrations 50
15. 115WB(2)(M) Use of health club and similar facilities 50
16. 115WB(2)(N) Use of any other club facilities 50
17. 115WB(2)(O) Gifts 50
18. 115WB(2)(P) Scholarships 50
19. 115WB(2)(Q) Tour and Travel (including foreign travel)(see Note 12) 5
20. Total Nil

Replies (4)

KIRTI

SERVICE

48 Points Joined September 2007

good explained. Thanx

CA Ravish Trivedi

The Possibilities are Infinite...

772 Points Joined May 2007

Finance act 2008 has deleted the maintenance of any accommodation in the nature of guest house.

Anki Reddy

i am doing CA final

0 Points Joined November 2008

please send me fbt rates

Guest

426680 Points Joined August 2012

Originally posted by :Akashdeep Singh
"	Sl. No. Section under which chargeable to Fringe Benefit Tax Nature of expenditure /payment Percentage expenditure/payment being fringe benefits 1 2 3 7 1. 115WB(1)(B) Free or concessional ticket provided by the employer for private journeys of his employees or their family members 100 2. 115WB(1)(C) Any contribution by the employer to any approved Superannuation fund for employees(see Note 1) 100 3. 115WB(2)(A) Entertainment 20 4. 115WB(2)(B) Provision of Hospitality of every kind by the employer to any person (see note 2) 20 5. 115WB(2)(C) Conference (other then fee for participation by the employees in any conference (see Note 4) 20 6. 115WB(2)(D) Sales promotion including publicity (see Note 5) 20 7. 115WB(2)(E) Employees' Welfare (see Note 6) 20 8. 115WB(2)(F) Conveyance, tour and travel (including foreign travel)(see Note 7) 20 9. 115WB(2)(G) Use of hotel, boarding and lodginh facilities 20 10. 115WB(2)(H) Repair, running (including fuel) maintenance of motor cars and the amount of depreciation thereon 20 11. 115WB(2)(I) Repair, running (including fuel) maintenance of aircrafts and the amount of depreciation thereon 20 12. 115WB(2)(J) Use of telephone(including mobile phone)other than expenditure on leased telephone lines 20 13. 115WB(2)(K) Maintenance of any accommodation in the nature of guest house other than accomodation used for training purposes 20 14. 115WB(2)(L) Festival celebrations 50 15. 115WB(2)(M) Use of health club and similar facilities 50 16. 115WB(2)(N) Use of any other club facilities 50 17. 115WB(2)(O) Gifts 50 18. 115WB(2)(P) Scholarships 50 19. 115WB(2)(Q) Tour and Travel (including foreign travel)(see Note 12) 5 20. Total Nil	"