Ho to calculate FBT ? Which Exepense heads are comes under
the category of FBT ? What is th e slab or rate ?
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Answer / m.sasikumar
FBT Stand for Fringe Benefit Tax. Fringe Benefit Tax on the
value of certain fringe benefits provided by employers to
their employees to be abolished.
Expenses heads aare as under
1) TelePhone Bill
2) Conveyance
3) Business Promotion
4) Staff Welfare
5) Vehicle Maintanance (only for 4 Wheel)
6) Tour and Travels.
Taxable ate of FBT
taxable slab rate is 20%and fbt slab rate is 33.99%
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