kapilll
(Investigator)
(171 Points)
Replied 27 September 2008
buddy
reimbursement is something which is paid to the employees when and only when they incurr some expenses and the same money is given to them.
hence reimbursement may change and it is never a fix amount or fix percentage
hope it will clear ur doubt
Indrajit Mondal
(Service)
(142 Points)
Replied 27 September 2008
Medical Reim upto 15,000/- attract FBT
Internet Charges will no be liable for FBT
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 06 October 2008
Medical reimbursment upto Rs.15000 is liable to FBT.
Internet charges is also liable to FBT as only leased telephone line is exempt as cbdt circular 8/2005
Amit Sureka
(Finance Manager-India)
(251 Points)
Replied 08 January 2009
Upto 15000 is liable for FBT and tax free in the hands of employees. In excess of 15000 is the liability of employee for the financial year 2008-2009.
Therefore income tax dept is getting something under both situations.
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