F B T on medical allowance & conveyance
This query is : Resolved
14 February 2008
our company was given medical allowance to employees upto rs.15000/- medical bills collected from all employees and exemption given in salary computation.
on that 15000/- fbt effected or not?
Rs.9600/- conveyance allowance given to employees on that amount effected fbt or not ?
please clarify sir
on that 15000/- fbt effected or not?
Rs.9600/- conveyance allowance given to employees on that amount effected fbt or not ?
please clarify sir
14 February 2008
Medical reimbursement, as it comes within welafare category, upto the exempted reimbursement (of Rs 15000), FBT is applicable.
Conveyanc allowance which is in the nature of salaries and allowances FBT is not applicable even though, the allowance is exempt to the extent of Rs 9600 p.a
Conveyanc allowance which is in the nature of salaries and allowances FBT is not applicable even though, the allowance is exempt to the extent of Rs 9600 p.a
14 February 2008
On Medical FBT is applicable and on Conveyance it is not
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
Trending Online Classes
CAclubindia
