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|23rd December 2009, 22:17||#16|
Senior - BHPian
Join Date: Dec 2007
Thanked: 216 Times
It shows how "good" our taxing system is.
Before this FBT was introduced, we got these benefit free. It irritates our babuji (read PC), then comes FBT saying, since you are getting benefit pay me some tax.
Then comes a rule saying this FBT will be abolished. Now we assume that this rule will turn the wheel back to the pre-FBT regime, which is 0% tax on benefit.
Wait, not in India.
By abolishing you end up paying almost full tax for those benifit.
Wow, Jai ho my India.
|24th December 2009, 09:57||#17|
Join Date: Nov 2004
Thanked: 6 Times
|28th December 2009, 12:22||#18|
Join Date: Jul 2008
Thanked: 20 Times
This new tax introduction is shucking only the salaried people. Big Bonanza in 2010. I was watching a discussion session on DD yesterday, No other channel bother to talk this serious issue as there was no masala. The adviser was telling that.
1. You have to pay all this tax irrespectively u have taken the benefit or not.
2. You have to pay some money for car , depending on the CC.
3. Company travel also will be taxable. That mean if your company sends you for a company meet and pay for that you has to pay.
And many more...
Only option to save tax is getting money as GIFT. So you can see some amount in your offer latter as GIFT component
Why this UPA Govt is behind Salaried person leaving all the Corrupt Politician/ Corporates.
|24th February 2010, 23:11||#19|
Senior - BHPian
Join Date: Feb 2010
Location: Melbourne, VIC
Thanked: 667 Times
Please note that Car lease is not interest free but at about 13-15%! Add to the EMI the perk value and finally the residual value of the car! I feel you end up paying a hefty sum. It may be better to opt for a bank loan instead - I feel.
|21st September 2010, 15:24||#20|
Join Date: May 2009
Thanked: 57 Times
Anyone have a clue on the FBT that employee has to pay if it is his personal car and car fuel and maintenance is being claimed.
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