FBT on Superannuation Contribution U/S 115WB

This query is : Resolved 

05 September 2007 Please confirm whether contribution over & above Rs 1 Lacs for each employee is liable to FBT or entire contibution ?
Suppose contribution of one employee is rs 1.25 Lacs then whether Rs 0.25 Lacs is liable to FBT or Rs 1.25 Lacs ?

05 September 2007 Amount over and above - Rs.1,00,000.00

i.e. Rs.25,000

Reference - Guidance note on audit of FB released by ICAI.



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