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Fringe benefit tax (F.B.T.0

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(Querist)
15 July 2008 Is F.B.T. imposed on daily allowance and postage and telegram allowance allowed to sales staff.
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CA. Vineet Grover

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CA. Vineet Grover (Expert)
15 July 2008 Dear Mohit,

FBT is applicable on daily allowance if the same is not taxable in the hands of the employees.

FBT is not leviable on postage / telegram.

Rgds/
Vineet

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