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FBT ON MEDICAL EXPENSES

This query is : Resolved 

14 February 2008 WHAT WILL BE FBT RATE ON MEDICAL EXPENSES TO BE PAID BY COMPANY IS IT 7 %

AND IS LTA APPLICABLE FOR FBT

14 February 2008 fbt on medical expences is 20% of 33.66% that is 6.73% of total medical expences
fbt is not applicable on leav travelling allownce the lta would be taxable under the head Salaries subject to exemption U/S 10(5) and accordingly it would not be liable to FBT



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