FBT
This query is : Resolved
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 ?
Does this attract FBT for the company ?
15 June 2009
FBT is not applicable on Conveyance Allowance
15 June 2009
FBT is leviable on Medical Reimbursement upto 15000/- in a unapproved hospital.
No FBT on Conveyance allowance and Medical Allowance.
No FBT on Conveyance allowance and Medical Allowance.
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