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Appliacbility of FBT, Income Tax

Issue Id: - 940
Dated: 29-10-2008
By:- HARJIT GARG

Appliacbility of FBT


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Medical reimbursement to an employeed exceeding Rs. 15000 for treatment in an approved hospital is not taxable in hands of employees. Whether it will be taxable as FBT in hands of employer as employee welfare?

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1 Dated: 15-11-2008
By:- Surender Gupta

pl. see question no. 69 of circular no. 8/2005 of income tax circular in this site. As per CBDT this amount is subject to FBT


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