FBT

This query is : Resolved

CA. Mala Rohara (Querist)
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23 April 2009 Whether Conveyance Exp. is liable to FBT?
Is it make difference if it incurrs for employees from Office to residence?

Brij Bhushan Sangal

Brij Bhushan Sangal (Expert)
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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.

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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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.

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