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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 ?
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Answer Posted / 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%
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