Fringe Benefit Tax

Others 1488 views 6 replies
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Manager- Accounts/Tax/Finance
229 Points Joined September 2007

 

hello friennds,

I just want to know whether there is any FBT charged on Transport Facitlities provided by the employer to employees for commuting from the place of residence to office and vice-versa?

Please forward your reply as soon as possible.

Sanjeev Gandhi

 

 

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On 18 February 2008 at 08:54 Report
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CA Final
814 Points Joined January 2008
Mr.Sanjeev, relax!!!!!!!! The answer for your question is a big NO. Free or subsidized transport facilities provided to employees from their residence to office and vice versa is EXCLUDED from the purview of FBT.
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On 18 February 2008 at 09:24
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TaXpert
15121 Points Joined September 2007
Sriram is right, Its excluded from the purview of FBT.
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On 18 February 2008 at 14:34
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Chartered Accountant
696 Points Joined November 2007
Transprt facilities to the employees is exempt from d ambit of FBT.But Conveyance Facility attarcts FBT.
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On 18 February 2008 at 14:50
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DGM-F & A
1734 Points Joined November 2007
No FBT on Transportation of staff from & To office
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On 19 February 2008 at 15:00
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CA Final Student
102 Points Joined February 2008
yeah it is exempy from FBT
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On 20 February 2008 at 17:53
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C A
7080 Points Joined June 2007
NO
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On 21 February 2008 at 17:10


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