FBT

This query is : Resolved

BISHNU DEO SHARMA (Querist)
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06 June 2009 Dear all freinds,

Can any body guide me, what is the exact treatment if medical expenses reimburse to our employees for FBT. Medical expenses fall in FBT Net or not. If fall up to what extent or what is the limit.

Pls. guide me urgently.

Regards
Bishnu Deo Sharma
Email id: bishnu_jsr@rediffmail.com

visu iyer

visu iyer (Expert)
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06 June 2009 no FBT upto Rs.15000
and
FBT applicable for any amt in excess of Rs.15000 per employee in Asst,.. Year

God bless U

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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07 June 2009 I think the answer is exactly the opposite.

FBT is leviable if medical reimbursement are less than 15,000/- under staff welfare expenses.

Not leviable if reimbursement exceed 15,000/- since it is then taxable to employee as perquistites u/s 17(2).

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