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FBT RATES

yatish kotiyan (Articled Clerk) (372 Points)

21 September 2009

WHAT ARE THE FBT RATES FOR SALARY, ELECTRICITY CHARGES, TELEPHONE CHARGES, ADVERTISEMENT CHARGES & CONVEYANCE.

Please reply ASAP.......

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2 Replies

yatish kotiyan (Articled Clerk) (372 Points)
Replied 21 September 2009

hie no one there kya????? reply yaar somebody..........

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PRAVEEN KUMAR (MBA (Finance) B.Com.(P)) (3443 Points)
Replied 21 September 2009

Dear yatish kotiyan,

Bhai FBT to khatam ho liya. it is not applicable for Financial year 2009-10. so why to bother about rates.

anyway upto financial year 2008-09 rates of FBT are given below :-)

Sl. No.	Nature of expenditure		Percentage
1	Free or concessional tickets provided for private journeys of employees or their family members (the value in column ii shall be the cost of the ticket to the general public as reduced by the amount, if any, paid by or recovered from the employee)		100
2	Any specified security or sweat equity shares [Sections 115WB(1)(d)] [Difference between the fair market value on the vesting date and amount recovered from or paid by the employee] and contribution to an approved superannuation fund for employees (in ex		100
3	Entertainment		20
4	a	Hospitality in the business other than business referred to in 4b or 4c or 4d	20
	b	Hospitality in the business of hotel	5
	c	Hospitality in the business of carriage of passengers or goods by aircraft	5
	d	Hospitality in the business of carriage of passengers or goods by ship	5
5	Conference (other than fee for participation by the employees in any conference)		20
6	Sales promotion including publicity (excluding any expenditure on advertisement referred to in proviso to section 115WB(2)(D)		20
7	Employees welfare		20
8	a	Conveyance, in the business other than the business referred to in 8b or 8c or 8d	20
	b	Conveyance, in business of construction	5
	c	Conveyance in the business of manufacture or production of pharmaceuticals	5
	d	Conveyance in the business of manufacture or production of computer software	5
9	a	Use of hotel, boarding and lodging facilities in the business other than the business referred to in 9b or 9c or 9d or 9e	20
	b	Use of hotel, boarding and lodging facilities in the business of manufacture or production of pharmaceuticals	5
	c	Use of hotel, boarding and lodging facilities in the business of manufacture or production of computer software	5
	d	Use of hotel, boarding and lodging facilities in the business of carriage of passengers or goods by aircraft	5
	e	Use of hotel, boarding and lodging facilities in the business of carriage of passengers or goods by ship	5
10	a	Repair, running (including fuel), maintenance of motor cars and the amount of depreciation thereon in the business other than the business of carriage of passengers or goods by motor car	20
	b	Repair, running (including fuel), maintenance of motor cars and the amount of depreciation thereon in the business of carriage of passengers or goods by motor car	5
11	Repair, running (including fuel) and maintenance of aircrafts and the amount of depreciation thereon in the business other than the business of carriage of passengers or goods by aircraft		20
12	Use of telephone (including mobile phone) other than expenditure on leased telephone lines		20
13	Maintenance of any accommodation in the nature of guest house other than accommodation used for training purposes		20
14	Festival celebrations		20
15	Use of health club and similar facilities		50
16	Use of any other club facilities		50
17	Gifts		50
18	Scholarships		50
19	Tour and Travel (including foreign travel)		5