Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT

Categories >> Accounting >> Taxation
Suggest New Category

Ho to calculate FBT ? Which Exepense heads are comes under
the category of FBT ? What is th e slab or rate ?

Question Posted / shanavaz.mundeth

11 Answers
24180 Views
Ambe Consultancy, Infosys, OPI Global, TCS, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab..

Answer / abhishek

FBT MEANS FRINGE BENEFIT TAX.

THE EXPENSES COMES UNDER F.B.T.THEY ARE:

1.TELEPHONE

2.CONVEYANCE

3.BUSINESS PROMOTION

4.STAFF WELFARE

5.VEHICLE MAINTANCE (ONLY FOR 4 WHELLER)IT MEANS CARS

6.TOURS AND TARVELS

Is This Answer Correct ?

69 Yes

11 No

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab..

Answer / amar

it is calculated on the concerns expenses for for quarters

Telephone expenses its taxable slab rate is 20%

and fbt slab rate is 33.99%

Is This Answer Correct ?

55 Yes

8 No

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab..

Answer / ajay s. chaurasia

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.

Followings are the expenses on which FBT imposed with Tax
Rate / Slab

Expenses Tax Rate
Use of telephone (other than leased lines) 20%
Entertainment 20%
Scholarship to children of employees Actual 50%
Hospitality 20%
Maintenance of accommodation like guest houses 20%
Conference 20%
Employee welfare 20%
Sales promotion, including publicity 20%
Festival celebration 50%
Gifts 50%
Use of club facilities 50%
Useof health clubs,sports & similar facilities 50%
Conveyance, tour and travel,
including foreign travel 20%
Hotel, boarding and lodging 20%
Repair, running (including fuel), maintenance of motorcars
and depreciation thereon 20%
Repair, running (including fuel), maintenance of aircraft
and depreciation thereon 20%

Is This Answer Correct ?

7 Yes

0 No

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab..

Answer / shobhit_agarwal08

it basically depends on which category the expense is
included.there are three categories under which the expense
are included.
u have to refer section 115WB of income tax for it
all expense heads except printing and stationary comes under
the ambit of FBT.
the slab rate of FBT is 33.99%

Is This Answer Correct ?

13 Yes

8 No

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab..

Answer / ajit yadav

F.B.T is Fringe Benefit Tax

Means
Conveyance
Travelling
Welfare
Promotion

Rate is - 33.99%

Is This Answer Correct ?

6 Yes

1 No

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab..

Answer / manish kumar

in travelling conveyance ho to calculate fbt.
and i want to know that as 20%,5%,any other percentage
calculation for fbt

Is This Answer Correct ?

9 Yes

6 No

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab..

Answer / mallesh.c

all above the question and answar correct

Is This Answer Correct ?

6 Yes

4 No

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab..

Answer / shah gaurav

TELEPHONE

2.CONVEYANCE

3.BUSINESS PROMOTION

4.STAFF WELFARE

5.VEHICLE MAINTANCE (ONLY FOR 4 WHELLER)IT MEANS CARS

6.TOURS AND TARVELS

SLAB RATE 20% & 33%.

Is This Answer Correct ?

4 Yes

2 No

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab..

Answer / r.muthu kumar

1) TelePhone Bill
2) Conveyance
3) Business Promotion
4) Staff Welfare
5) Vehicle Maintanance (only for 4 Wheel)
6) Tour and Travels

Slab 20 % & 33 %

Is This Answer Correct ?

1 Yes

0 No

Ho to calculate FBT ? Which Exepense heads are comes under the category of FBT ? What is th e slab..

Answer / mallesh.c

question and answar above the correct

Is This Answer Correct ?

3 Yes

3 No

Post New Answer