FBT

This query is : Resolved 

18 April 2009 Can we charge FBT on LTC Bill?

18 April 2009 No, the LTC is taxable in the hands of Employee. And its a part of salary. Not taxable in FBT.

19 April 2009 Conveyance facilities does not include LTC. It is taxable in the hands of employee in excess of exempted u/s 10(5)

SO no FBT




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