26 September 2008
Section under which chargeable to Fringe Benefit Tax Nature of expenditure / payments Percentage expenditure / Payment being Fringe Benefits
2 3 7 115WB(1)(b) Free or concessional ticket provided by the employer for private journeys of his employees or their family members 100% 115WB(1)(c) Any contribution by the employer to any approved Superannuation fund for employees 100% 115WB(2)(A) Entertainment 20% 115WB(2)(B) Provision of Hospitality of every kind by the employer to any person 20% 115WB(2)(C) Conference (other than fee for participation by the employees in any conference 20% 115WB(2)(D) Sales Promotion including publicity 20% 115WB(2)(E) Employees' Welfare 20% 115WB(2)(F) Conveyance, tour and travel (including foreign travel) 20% 115WB(2)(G) Use of hotel, boarding and lodging facilities 20% 115WB(2)(H) Repair, running (including fuel), maintenance of motor cars and the amount of depreciation thereon 20% 115WB(2)(I) Repair, running (including fuel), maintenance of aircrafts and the amount of depreciation thereon 20% 115WB(2)(J) Use of telephone (including mobile phone) other than expenditure on leased telephone lines 20% 115WB(2)(K) Maintenance of any accomodation in the nature of guest house other than accommodation used for training purposes 20% 115WB(2)(L) Festival celebrations 50% 115WB(2)(M) Use of health club and similar facilities 50% 115WB(2)(N) Use of any other club facilities 50% 115WB(2)(O) Gifts 50% 115WB(2)(P) Scholarships 50% 115WB(2)(Q) Tour and Travel (including foreign travel) 5%
CAclubindia
