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Ho to calculate FBT ? Which Exepense heads are comes under
the category of FBT ? What is th e slab or rate ?
- 11 Answers
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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 |
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 |
F.B.T is Fringe Benefit Tax
Means
Conveyance
Travelling
Welfare
Promotion
Rate is - 33.99%
| Is This Answer Correct ? | 6 Yes | 1 No |
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 |
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 |
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 |
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