FBT
This query is : Resolved
23 April 2009
Whether Conveyance Exp. is liable to FBT?
Is it make difference if it incurrs for employees from Office to residence?
Is it make difference if it incurrs for employees from Office to residence?
23 April 2009
Ms mala,
Conveyance allowance upto Rs.800/- Pm is tax free for every employee for to and fro for residence to office. apart from that any conveyance reimb.will be lible to FBT.
Conveyance allowance upto Rs.800/- Pm is tax free for every employee for to and fro for residence to office. apart from that any conveyance reimb.will be lible to FBT.
23 April 2009
If the transportaon provided by the employer eighther free of cost or at a concessional rate, there is no FBt will iliable.
If the conveyance allowance provided by the employer for commuting for the purpose of the office and the residence is aloowed up to 800 per month
and for physicaly handicaped person Rs 1600 per month.
Car, etc provided by the employer , however, will be liable for FBT @ 20% of the value.
If the conveyance allowance provided by the employer for commuting for the purpose of the office and the residence is aloowed up to 800 per month
and for physicaly handicaped person Rs 1600 per month.
Car, etc provided by the employer , however, will be liable for FBT @ 20% of the value.
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