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FBT Rate Chart

Gurmet Siingh (Chartered Accountant) (413 Points)

01 October 2007

Hi,

Can someone Pls. send me FBT Rate Chart? or where can i find it?

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74 Replies

Ravikumar.G (Consultant) (18525 Points)
Replied 01 October 2007

It is very much available in the files portal. Kindly download it.

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(Guest)

what is diferrential liabilties ?how many forms used to sale / purchases under sales tax act when it is apllicable

(Guest)

what is diferrential liabilties ?how many forms used to sale / purchases under sales tax act when it is apllicable

(Guest)

GOOOOOOOOD GOOOOOOOOING

(Guest)

You can download it from share files , i have created a calulator on FBT, download it . Bye

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Adv. S Sharma (Lawyer) (574 Points)
Replied 11 December 2007

hi can u tell me the link frm where i can download it ??

(Guest)

Kindly forward me the rate of FBT & its calculation

Saroj Rana (MBA Finance) (417 Points)
Replied 20 December 2007

plz help me regarding the calculation of Income Tax

(Guest)

pl provide me FBT RATES - EXPENCE WISE

CA. Amit Daga (Finance Controller CA. CS. CFA. CIFRS. M.COM. ) (9017 Points)
Replied 20 December 2007

Sr. No. Type of expense Relevant clause of section 115WB Proportion of the expense considered to be fringe benefit (in percentage) Sub-section {1) of section 115WB (fringe benefits} 1. Any privilege, service, facility or amenity provided by the employer to the employees Clause (a) _ 2. Any free or concessional ticket provided by the employer for the private journey of the employees or their family members Clause (b) 100% of the actual cost incurred by the employer in providing the same facility to the general public as reduced by the amount, if any, paid by, or recovered from, the employees 3. Any contribution by the employer to the approved superannuation fund for the employees Clause (c) 100% Sub-section (2} of section 115WB (deemed fringe benefits) 4. Entertainment Clause (A) 20% 5. Hospitality a. Hotels (Other than restaurants) b. Others Clause (B} 05% 20% 6. Conference Clause (C) 20% 7. Sales promotion and publicity Clause (D) 20% 8. Employees' welfare Clause (E) 20% 9. Conveyance, tour and travel (including foreign travel) a. Manufacturer of Pharmaceutical products b. Construction Business c. Manufacture of Computer software d. Others Clause (F) 05% 05% 05% 20% 10. Use of hotel, boarding and lodging facilities a. Manufacturer of Pharmaceutical products b. Manufacturer of Computer Software c. Others Clause (G) 05% 05% 20% 11. Repair, running (including fuel), maintenance of motorcars and the amount of depreciation thereon a. For Business of Transportation of Passenger and Goods by motor car. b. Others Clause (H) 05% 20% 12. Repair, running (including fuel), maintenance of aircrafts and the amount of depreciation thereon a. For Business of Transportation of Passenger and Goods by Air Craft. b. Others Clause (I) 05% 20% 13. Use of telephone (including mobile phone) other than expenditure on leased telephone lines Clause (J) 20% 14, Maintenance of any accommodation in the nature of a guesthouse Clause (K) 20% 15. Festival celebrations Clause (L) 50% 16. Use of health club and similar facilities Clause (M) 50% 17. Use of any other club facilities Cause (N) 50% 18. Gifts Clause (0) 50% 19. Scholarships Clause (P) 50%