Ho to calculate FBT ? Which Exepense heads are comes under
the category of FBT ? What is th e slab or rate ?
Answer Posted / 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%
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
come'?
how can I know the status of the service tax filing of my organisation when I don't have any details except St number. I want to know till what date the returns are filed etc as I have recently joined.
How many turnover company active TAN no applicable and how many deduction % of service.
How to show reject material in ER1
what is the full rate of cst/vat of building material ?
what is the significance of business taxation in private company?
Hello! My annual salary is @ Rs.6,00,000/-. What would be the TDS applicable for me per annum/per month. I am also contributing to EPF @ Rs.9360/-.
what is form requirment for monthly, quartely, and yearly sale return for haryana
What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.
IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
HOW CAN TAKE THE MAXIMUM GRAUITY (EX RS.3.5 LAC)
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.