26 December 2008
We are giving our employees Medical Reimbrsement up to Rs. 15000/-, which is exempt in the hands of our employees. But we have to pay FBT on the same. If we pay Rs. 15001/-, then we dont have to pay FBT on the same & Re. 1/- will be taxable in the hands of employees as salary. Am i right?
CAclubindia
