Our company is giving medical reamburshment on half yearly basis. My querry are: 1) On monthly Rs. 1250/- what would be the FBT. 2) Can company recover FBT from employees?
28 September 2007
If it is form part of salary and maximum upto Rs.15,000/- there is no question of FBT. If exceeds Rs.15,000/- but is it is form part of salary which is considered as employee salary and respective TDS is deducted from employees there is no question of FBT.Otherwise FBT will attract.
CAclubindia
