Treatment of perquisites after abolishing FBT

Pawan Verma (Assistant manager finance)   (186 Points)

13 November 2009  

Hi friends, can someone help me in this

After abolishing FBT, what is the implication for treatment of perquisites.Is there any circular/notification on the same?

Ex: Monthly conveyance reimbursement was included in the employee salary as perquisite upto AY 2005-06.Now FBT being abolished what would be the taxability implication?