Hiii....
I Need Percentages on FBT ...
on
Conveyance, Travelling, Vechical Maintance,Welfare Exp,Entertainment,Advertisement,Buss Promtion, Festival Celebration.............
Regards
Y.Prashanth Kumar
Y.Prashanth Kumar (Accountant.. MBA(FIn)) (58 Points)
28 April 2009Hiii....
I Need Percentages on FBT ...
on
Conveyance, Travelling, Vechical Maintance,Welfare Exp,Entertainment,Advertisement,Buss Promtion, Festival Celebration.............
Regards
Y.Prashanth Kumar
M.M.SURANA
(Director -Taxation )
(532 Points)
Replied 28 April 2009
Mr. Prasanth
It is very simple U download from Taxmann.com Form and annexure of Form 3CD, In Annex II U will find all percentage.
Surana, Chennai
9952967237
Sandeep Keswani
(Tax Consultant)
(1064 Points)
Replied 28 April 2009
Following are the % at which value of Fringe Benefits will be determined.
Travelling (including Foreign travel) - 5% (upto A.Y. 2006-07 20%)
Festival Celebration - 50%
Conveyance - 20%
Vehicle Maintenance - 20%
Employee Welfare - 20%
Business Promotion & Adv - 20%
Fringe Benefit Tax will be calculated @ 30% of such benefit derived as above.
Sandeep Keswani
(Tax Consultant)
(1064 Points)
Replied 28 April 2009
Alternatively, u can also download the same from Taxmann website as Mr. Surana has said. U will get the entire Rate Chart from there.
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