31 July 2008
A company yearly credited a fixed amount for medical expenses in the account of employees and amount is paid on submission of medical bills by the employees Is this amount liable for FBT
31 July 2008
Upto reimbursement of Rs. 15000/- against bills the FBT have to be paid by the employer. Over & above the limit of 15000/- it will be taxable in the hands of the employees so there is no question of FBT.
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