Please tell me the minimum exemption limit to applicable
Fringe Benefit Tax.
- 6 Answers
- 8936 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / nishat ali khan
As FBT is a tax which is imposed on the extra facility
given by employer to his employees. So there is no
exemption is been given to employer by income tax. FBT
should be paid by paid employer whether the company runs in
profit or not. But income tax has given a facility in case
of deemed FBT u/s 115WB(2) that 20% of the total expense
will be considerd in calculation of FBT but its apply to
u/s115WB(2)(A)to u/sWB(2)(K) where as from u/s115WB(2)(L)
to115WB(2)(P) is 50%. But in case of 115WB(2)(Q)its 5%
| Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
How many turnover company active TAN no applicable and how many deduction % of service.
If any new form open than we are able to deduct TDS on first year
We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.
Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?
Deferred taxation is a part of which equity?
Please mail me the TDS rates for the year 07-08? aamirdeba@in.com
what is highseas purchase and sales? how is custom duty calculated? what are the criteria for a person dealing in shares comes under tax audit? whether all equity oriented fund are eligble for stt?
Who is to paid income tax and what is the procedure of filling income tax return?
What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.
explain the special provisions for computing profit and gains of retail business
please share fy 2017-18 salary tds auto matic excel utility
M paying salary of Rs. 22500/-, 21500/- & 17500/- to my employees, frm June 2010. I still have not deduct TDS from their salary. I have not applied for TAN No. M also paying rent of Rs. 50,000/- pm. And also have not deducted TDS on it. What should I do now?
where is applicable WCT & what is limitation for applicable it on company.
