Fringe Benefit Tax Dilemma: Can Employers Recover It from Employees via Salary Slips?

Hi All,

Can fringe benefit tax be included in the salary slip so that employers can recover the FBT from the employees at a later stage?

Thanks for any help.

Regards,
Santhosh

The fringe benefits tax can be included in the salary slip, and the same has been followed in my company also. However, it also depends upon the company norms.

Regards,
Geetha

Hi Geetha,

Can you give me a sample of a salary slip that includes FBT in it? It will be very helpful for me. Can you suggest how to modify this salary slip to include Fringe Benefit Tax?

Monthly(Rs.) Yearly(Rs.)
Gross Salary
Basic 18000
HRA 5000
TA 1220
Employers' Contribution 12% of basic or Rs. 780/- whichever is less 780 25000
Less: Deduction
P.F. (Employees' Contribution 12% of Basic or Rs. 780/- whichever is less) 780
Insurance (Employees' Contribution) 500
Income Tax 1220 2500
Net Salary Payable 22500
Benefits (Taxable for Employees only) 10000

Thanks & Regards,
Santhosh

Hi Geetha,

Thank you for replying.

I am attaching the breakup in an Excel sheet. Could you please help with adding the FBT components to the salary slip and including FBT in the deductions section of the salary slip?

Thank you for your assistance.

Regards,
Santhosh

Hi Geetha,

Please use the attached Excel sheet. Herewith, I am attaching the breakup in an Excel sheet. Can you please help with how to add the FBT components in the salary slip and also include FBT in the deductions part of the salary slip?

Thanks for your help.

Regards,
Santhosh