Please tell me the minimum exemption limit to applicable
Fringe Benefit Tax.
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Answer / venkat
no limit of exemption in respect of fringe benefit tax.
| Is This Answer Correct ? | 21 Yes | 1 No |
Answer / apar jain
In Fringe Benefit Tax there is no exemption limit.
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / nishat ali khan
As FBT is a tax which is imposed on the extra facility
given by employer to his employees. So there is no
exemption is been given to employer by income tax. FBT
should be paid by paid employer whether the company runs in
profit or not. But income tax has given a facility in case
of deemed FBT u/s 115WB(2) that 20% of the total expense
will be considerd in calculation of FBT but its apply to
u/s115WB(2)(A)to u/sWB(2)(K) where as from u/s115WB(2)(L)
to115WB(2)(P) is 50%. But in case of 115WB(2)(Q)its 5%
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / megha arora
There is no exemption limit for FBT.Whether there is profit
or loss FBT is mandatory.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / pramod shukla
No exemption limit to fring benifit Tax and fringe benifit
tax no mandatroy financial year 2011-12
| Is This Answer Correct ? | 0 Yes | 0 No |
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Sir, My mother has got a sum of money about 5 lacs in the form of pension arrears. Will she have to pay the income tax on this amount which is deposited in her bank account & if it is then please suggest me to save the tax at maximum possible.
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
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PLEASE PROVIDE RATES, CALCULATION AND WHEN FILING THE FOLLOWING RETURN DIRECT AND INDIRECT TAXES RATES, T.D.S., F.B.T., EXCISE
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