HI all
Can anybody guide me pls. Since FBT is now abolished, all the amenities which were under FBT is now to be taxed to employees.
I wanted to know which are these amenities and what is the calculation of the same?
regards
From India, Mumbai
9Can anybody guide me pls. Since FBT is now abolished, all the amenities which were under FBT is now to be taxed to employees.
I wanted to know which are these amenities and what is the calculation of the same?
regards
From India, Mumbai
Mahindra,
Since now the nitification has also come. All the income minus conveyance, medical reimbursement shall be come taxable. Anyway which is explained in the attachement in earlier reply. It is sad that while the company will be able to offset it against advance tax the tax burden of employee will be sudden and excessive.
there is a possibility of car hire instead of fuel reimbursement.
From India, Mumbai
Since now the nitification has also come. All the income minus conveyance, medical reimbursement shall be come taxable. Anyway which is explained in the attachement in earlier reply. It is sad that while the company will be able to offset it against advance tax the tax burden of employee will be sudden and excessive.
there is a possibility of car hire instead of fuel reimbursement.
From India, Mumbai
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LOAN PERQUISITE CALCULATION.xls