Fringe Benefit Tax

This query is : Resolved

Daulat Kunwar (Querist)
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17 March 2008 Sir/Madam,

Please send me the FBT calculation sheet applicable for private companies for the F/Y 2007-08.

Regards,
Daulat

Rakesh

Rakesh (Expert)
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17 March 2008 Dear Daulat
Please see the Form ITR V for Compines from which made a Excle sheet and ho ahed for the same

CA Pattanayak

CA Pattanayak (Expert)
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20 March 2008 Hey i will just brief you regarding the FBT calculation.

First find out the expenses which is considered for FBT purpose.

Apply the rate ( 20%/50%/ other if any)

The above will be the cost of frienge benefit.

Apply 33.99% ( rate applicable for PVT co.) on the cost of frienge benefit and you will find out the Fringe Benefit Tax.

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Daulat Kunwar

Daulat Kunwar (Querist)
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24 March 2008 Thanks for the guidance from the expert. It is really help me for the FBT computation.