Basic Concepts About Salary

vikasgoelca

Hi All,

Some basic concepts that I could compile. Hopely that is helpfull for the beginers. The file attached earlier was in Ms 2007 which i think cannot be uploaded.

Warm Regards,

CA Vikas Goel

rbiyer

Dear Mr. Goel

I have a clarification w.r.t FBT

How valid is this view?

Though Reimbursement for Periodicals and Journals is a a FBT component, if we have it as a ‘Fixed’ component then I do not think it comes as a FBT component (say we can have it as fixed Rs. 1250/- per month)

2. Same in case of car maintenance, if it is a fixed allowance (with max limit of Rs. 84,000/- pa) it does not attract FBT

3. Telephone expenses, again if it is a fixed amount (with max limit of Rs. 36,000 PM), does not attract FBT

does this hold good or in the FBT regime (though it is abolished now) these arguments were not valid enough

regards
RB

vikasgoelca

Hi,

Finance Minister has abolished FBT so no need to woory about FBT. Prior to this the above expenses should has been in the ambit of FBT.

Regards,

CA Vikas Goel