Fringe Benefit Tax Calculator

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                                                                                 Fringe Benefit Tax Calculator
                                                                                             Amount of Expenditure                                         Value of Fringe Benefit
Sl.                                                                                                                                Percen
                            Nature of expenditure                                                                                                                                                     Total
No.                                                                            Ist Quarter   2nd Quarter 3rd Quarter   4th Quarter tage     Ist Quarter    2nd Quarter   3rd Quarter   4th Quarter

      Free or concessional tickets provided for private journeys of
      employees or their family members (the cost of the ticket to the
1                                                                                                                                   100              Nil           Nil           Nil            Nil           Nil
      general public as reduced by the amount, if any, paid by or
      recovered from the employee)
      Contribution to an approved superannuation fund for employees (in
2                                                                                                                                   100              Nil           Nil           Nil            Nil           Nil
      excess of one lakh rupees in respect of each employee)
3     Entertainment                                                                                                                 20               Nil           Nil           Nil            Nil           Nil
           Hospitality in the business other than business referred to in 4b
4      a                                                                                                                            20               Nil           Nil           Nil            Nil           Nil
           or 4c or 4d
       b Hospitality in the business of hotel                                                                                        5               Nil           Nil           Nil            Nil           Nil
           Hospitality in the business of carriage of passengers or goods
       c                                                                                                                             5               Nil           Nil           Nil            Nil           Nil
           by aircraft
           Hospitality in the business of carriage of passengers or goods
       d                                                                                                                             5               Nil           Nil           Nil            Nil           Nil
           by ship
      Conference (other than fee for participation by the employees in any
5                                                                                                                                   20               Nil           Nil           Nil            Nil           Nil
      conference)
      Sales promotion including publicity (excluding any expenditure on
6                                                                                                                                   20               Nil           Nil           Nil            Nil           Nil
      advertisement referred to in proviso to section 115WB(2)(D)
7     Employees welfare                                                                                                             20               Nil           Nil           Nil            Nil           Nil
           Conveyance, in the business other than the business referred to
8      a                                                                                                                            20               Nil           Nil           Nil            Nil           Nil
           in 8b or 8c or 8d
       b Conveyance, in business of construction                                                                                     5               Nil           Nil           Nil            Nil           Nil
           Conveyance in the business of manufacture or production of
       c                                                                                                                             5               Nil           Nil           Nil            Nil           Nil
           pharmaceuticals
           Conveyance in the business of manufacture or production of
       d                                                                                                                             5               Nil           Nil           Nil            Nil           Nil
           computer software
        Use of hotel, boarding and lodging facilities in the business
      a                                                                      20   Nil   Nil   Nil   Nil   Nil
        other than the business referred to in 9b or 9c or 9d or 9e
        Use of hotel, boarding and lodging facilities in the business of
      b                                                                      5    Nil   Nil   Nil   Nil   Nil
        manufacture or production of pharmaceuticals
        Use of hotel, boarding and lodging facilities in the business of
9     c                                                                      5    Nil   Nil   Nil   Nil   Nil
        manufacture or production of computer software
          Use of hotel, boarding and lodging facilities in the business of
      d                                                                      5    Nil   Nil   Nil   Nil   Nil
          carriage of passengers or goods by aircraft
          Use of hotel, boarding and lodging facilities in the business of
      e                                                                      5    Nil   Nil   Nil   Nil   Nil
          carriage of passengers or goods by ship
          Repair, running (including fuel), maintenance of motor cars
          and the amount of depreciation thereon in the business other
10    a                                                                      20   Nil   Nil   Nil   Nil   Nil
          than the business of carriage of passengers or goods by motor
          car
        Repair, running (including fuel), maintenance of motor cars
      b and the amount of depreciation thereon in the business of            5    Nil   Nil   Nil   Nil   Nil
        carriage of passengers or goods by motor car
   Repair, running (including fuel) and maintenance of aircrafts and the
11 amount of depreciation thereon in the business other than the             20   Nil   Nil   Nil   Nil   Nil
   business of carriage of passengers or goods by aircraft
     Use of telephone (including mobile phone) other than expenditure on
12                                                                           20   Nil   Nil   Nil   Nil   Nil
     leased telephone lines
     Maintenance of any accommodation in the nature of guest house
13                                                                           20   Nil   Nil   Nil   Nil   Nil
     other than accommodation used for training purposes
14   Festival celebrations                                                   50   Nil   Nil   Nil   Nil   Nil
15   Use of health club and similar facilities                               50   Nil   Nil   Nil   Nil   Nil
16   Use of any other club facilities                                        50   Nil   Nil   Nil   Nil   Nil
17   Gifts                                                                   50   Nil   Nil   Nil   Nil   Nil
18   Scholarships                                                            50   Nil   Nil   Nil   Nil   Nil
19   Tour and Travel (including foreign travel)                              5    Nil   Nil   Nil   Nil   Nil
20   Value of Fringe Benefits                                                     Nil   Nil   Nil   Nil   Nil
21   Fringe Benefit Tax = 30% of Value of Fringe Benefits                         Nil   Nil   Nil   Nil   Nil
22   Education Cess (3% of Fringe Benefit Tax)                                    Nil   Nil   Nil   Nil   Nil
23   Total Tax Payable                                                            Nil   Nil   Nil   Nil   Nil
24   Total Tax Paid                                                                                       Nil
25   Net Tax Payable/Refundable                                                   Nil   Nil   Nil   Nil   Nil

				
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posted:4/8/2012
language:English
pages:2
Maneesh Choudhury Maneesh Choudhury Projects http://www.bellenokia.tk
About I AM A OPEN BOOK....READ ME........... I am invisible like air--- I am as important as oxygen--- I am living in the world of my dreamz I am always there to help otherz--- I am busy but never ignore any one I am the one who carez--- I---AM----MANEESH