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FBT

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(Querist)
15 June 2009 In Salary there is portion Conveyance and Medical Allowance which are exempted from Income tax up to certain extent.

Does this attract FBT for the company ?
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
15 June 2009 FBT is not applicable on Conveyance Allowance
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
15 June 2009 FBT is leviable on Medical Reimbursement upto 15000/- in a unapproved hospital.

No FBT on Conveyance allowance and Medical Allowance.
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