FBT Percentages

Y.Prashanth Kumar (Accountant.. MBA(FIn)) (58 Points)

28 April 2009

Hiii....

I Need Percentages on FBT ...

Conveyance, Travelling, Vechical Maintance,Welfare Exp,Entertainment,Advertisement,Buss Promtion, Festival Celebration.............

Regards

Y.Prashanth Kumar

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3 Replies

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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