Question { Infosys, 20835 }
Ho to calculate FBT ? Which Exepense heads are comes under
the category of FBT ? What is th e slab or rate ?
Answer
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