FBT Rates

CA CS Akashdeep Singh (Practicing CA) (1394 Points)

28 September 2008  

 

Sl. No. Section under which chargeable to Fringe Benefit Tax Nature of expenditure /payment Percentage expenditure/payment being fringe benefits
1 2 3 7

1. 115WB(1)(B) Free or concessional ticket provided by the employer for private journeys of his employees or their family members 100
2. 115WB(1)(C) Any contribution by the employer to any approved Superannuation fund for employees(see Note 1) 100
3. 115WB(2)(A) Entertainment 20
4. 115WB(2)(B) Provision of Hospitality of every kind by the employer to any person (see note 2) 20
5. 115WB(2)(C) Conference (other then fee for participation by the employees in any conference (see Note 4) 20
6. 115WB(2)(D) Sales promotion including publicity (see Note 5) 20
7. 115WB(2)(E) Employees' Welfare (see Note 6) 20
8. 115WB(2)(F) Conveyance, tour and travel (including foreign travel)(see Note 7) 20
9. 115WB(2)(G) Use of hotel, boarding and lodginh facilities 20
10. 115WB(2)(H) Repair, running (including fuel) maintenance of motor cars and the amount of depreciation thereon 20
11. 115WB(2)(I) Repair, running (including fuel) maintenance of aircrafts and the amount of depreciation thereon 20
12. 115WB(2)(J) Use of telephone(including mobile phone)other than expenditure on leased telephone lines 20
13. 115WB(2)(K) Maintenance of any accommodation in the nature of guest house other than accomodation used for training purposes 20
14. 115WB(2)(L) Festival celebrations 50
15. 115WB(2)(M) Use of health club and similar facilities 50
16. 115WB(2)(N) Use of any other club facilities 50
17. 115WB(2)(O) Gifts 50
18. 115WB(2)(P) Scholarships 50
19. 115WB(2)(Q) Tour and Travel (including foreign travel)(see Note 12) 5
20. Total Nil