I would like to know the current year Tax slabsand TDS Rate applicable and its calculation at glance, what all are covered in FBT and upto what extent is exemption available. Under Vat how much exeption is available from Input vat on Vat leived against sales
I am working with Pvt ltd company from Mumbai, India...& As per the current process my company is deducting some amount per month from my salary under FBT...
Is that OK & legal or not...I thing this should pay by the company & not me...
Pls let me know if anybody have idea about this...
RE:FBT
by sharad on Sep 20, 2006 01:07 PM Permalink
Hi, u r saying that u r company is deducting some amount every month from u r salary under FBT. in this context i want to tell u that FBT is the liability of the Employer.if they r deduting this from u r salary then their is problem. it is possible that perhaps they deducting TDS by ur salary to save there FBT.
We are Contractor company and we do trenchless technology jobs, which we are operating all over india and we have to incurre expenses on guest house & Hotels for our Engineers as we are working on road, Canle, river and Railway underground crossings, our sites are changing as per the requiremets of the clients so we have to spend on hotel and travelling for our employees and this is not reimmbursed by our clients this are our purely business expenses would FBT Applicable on this two exp.
