Dear Perfectionist,
This one I got from one of our consultants.
Basic Salary : 3,00,000
Edu Allow : 2,400
Transport All : 9,600
Uniform Allow : 24,000
Reserch Allow : 30,000
Helper Allow : 36,000
Rent Free Unfurnished house : 4,20,000
Car With driver: 1,92,000
Res Telephone: 40,000
Gift in kind: 15,000
Medical reimbursement: 15,000
Free Lunch: 21,600
Mediclaim insurance: 18,000
LTC : 19,843
Employer Contribution to recognition PF: 36,000
FBT: 20,557.
If the Salary paid as per above the FBT will be 20,557 and taxable Income will be 3,45,000/- and Tax there on will be 37,860/-
Hope this is clear.