Is FBT Payable For Medical Allowance Upto Rs 15,000?


Is FBT is applicable to employer on reimbursement of medical bills upto Rs.15000 to their employees?radhi68@………comYes.FAQ no 69 of CBDT’s Circular 8 of 2005 clarified regarding the issue of taxing medical allowance under Fringe Benefit Tax as under:Whether medical reimbursement up to Rs. 15,000 (exempt in the hands of the employees) and medical reimbursement over…

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