21 July 2007
Basic HRA-50% of the Basic Conveyance-Rs.800pm Medical-1250pm PF Employee-12.5% of Basic PF Employer-12.5% of Basic Special Allowance-Balancing amount
Conveyance will attract FBT... but Rs.800/- pm is transport allowance which does not attract FBT and also according to the Finance Act,06 any benefit of amenity in the nature of free n subsidized transport or any allowance provided by the employer to the employees for journey from their residence to the place of work will not attract FBt..
CAclubindia
