REG - TAX

This query is : Resolved

narender (Querist)
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11 July 2009 hi friends

i am working in private company

earlier we are providing the facilities of car & driver to our employees and paying FBT on them

but for now FBT was abloised

now is it Taxable in hands of employees
if yes then what %
and how i will calculate

2. we are also reimburshing the Driver Salary & fuel bill & telephone bill of our employees

now is it also taxable in hands of employees

pls suggest me

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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11 July 2009 It will be treated as perquisite in the hands of the employee.

detailed procedure we will get on passing of budget. We have to wait for another 15days for proper guidelines.