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FBT on Insurance

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(Querist)
09 January 2009 Is FBT applicable on insurance premium paid for :-
1. Employees insurance policy
2. Key man insurance
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
09 January 2009 Insurance policy - Yes only if not under a statutory obligation.
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K V Subba Rao

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K V Subba Rao (Expert)
09 January 2009 Includible in Total Income of respective Employees and not liable for FBT

Visit
http://www.taxworry.com/2007/04/insurance-premium-paid-by-employer-is.html
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