diff --git a/charts/fluent-bit/Chart.yaml b/charts/fluent-bit/Chart.yaml
index f97e1a12..d16e77c1 100644
--- a/charts/fluent-bit/Chart.yaml
+++ b/charts/fluent-bit/Chart.yaml
@@ -5,8 +5,8 @@ keywords:
   - logging
   - fluent-bit
   - fluentd
-version: 0.48.3
-appVersion: 3.2.2
+version: 0.48.5
+appVersion: 3.2.4
 icon: https://raw.githubusercontent.com/cncf/artwork/master/projects/fluentd/fluentbit/icon/fluentbit-icon-color.svg
 home: https://fluentbit.io/
 sources:
diff --git a/charts/fluent-bit/templates/_helpers.tpl b/charts/fluent-bit/templates/_helpers.tpl
index 84a30563..b0b628c0 100644
--- a/charts/fluent-bit/templates/_helpers.tpl
+++ b/charts/fluent-bit/templates/_helpers.tpl
@@ -51,6 +51,16 @@ app.kubernetes.io/name: {{ include "fluent-bit.name" . }}
 app.kubernetes.io/instance: {{ .Release.Name }}
 {{- end -}}
 
+{{/*
+Verbose Pod labels
+*/}}
+{{- define "fluent-bit.podVersionLabel" -}}
+{{ include "fluent-bit.selectorLabels" . }}
+{{- if .Chart.AppVersion }}
+app.kubernetes.io/version: {{ .Chart.AppVersion | quote }}
+{{- end }}
+{{- end -}}
+
 {{/*
 Create the name of the service account to use
 */}}
diff --git a/charts/fluent-bit/templates/daemonset.yaml b/charts/fluent-bit/templates/daemonset.yaml
index 12570954..e77168e6 100644
--- a/charts/fluent-bit/templates/daemonset.yaml
+++ b/charts/fluent-bit/templates/daemonset.yaml
@@ -27,7 +27,7 @@ spec:
   template:
     metadata:
       labels:
-        {{- include "fluent-bit.selectorLabels" . | nindent 8 }}
+        {{- include (ternary "fluent-bit.podVersionLabel" "fluent-bit.selectorLabels" .Values.podVersionLabel)  . | nindent 8 }}
         {{- with .Values.podLabels }}
         {{- toYaml . | nindent 8 }}
         {{- end }}
diff --git a/charts/fluent-bit/templates/deployment.yaml b/charts/fluent-bit/templates/deployment.yaml
index 7ba61b5f..7e77ad4c 100644
--- a/charts/fluent-bit/templates/deployment.yaml
+++ b/charts/fluent-bit/templates/deployment.yaml
@@ -30,7 +30,7 @@ spec:
   template:
     metadata:
       labels:
-        {{- include "fluent-bit.selectorLabels" . | nindent 8 }}
+      {{- include (ternary "fluent-bit.podVersionLabel" "fluent-bit.selectorLabels" .Values.podVersionLabel)  . | nindent 8 }}
       {{- with .Values.podLabels }}
         {{- toYaml . | nindent 8 }}
       {{- end }}
diff --git a/charts/fluent-bit/values.yaml b/charts/fluent-bit/values.yaml
index df4e47f1..5f49d0a5 100644
--- a/charts/fluent-bit/values.yaml
+++ b/charts/fluent-bit/values.yaml
@@ -302,6 +302,9 @@ podAnnotations: {}
 
 podLabels: {}
 
+# adds app.kubernetes.io/version label to pods for istio required labels
+podVersionLabel: false
+
 ## How long (in seconds) a pods needs to be stable before progressing the deployment
 ##
 minReadySeconds: