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fringebenefit tax

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26 June 2009 sir,

Petrol expenses for Two wheeler(office use), will we have to pay fringebenefit tax for petrol expenses for two wheeler.

B.suresh


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26 June 2009 Hi Suresh,

Any reimbursement which is provided by employer to his employees made FBT and in your case petrol reimbursement is paid by employer, so company is liable to pay FBT on petrol expenses.

27 June 2009 As you have mentioned Petrol expenses provided for Two wheeler used for office purpose, So i think company is not liable to pay FBT.




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