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fringe benifits

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(Querist)
03 July 2008 what is it
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CA Anand Sarda

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CA Anand Sarda (Expert)
03 July 2008 There are some benefits which are not taxable in the hands of individual employee because they are collectively benefitted by all the employees.

For example, entertainment expenses incurred in the office. So these are not taxable in the hands of employee. So the employer has to pay tax on some portion of the amount spent on entertainment.

Like entertainment, many other items are covered under FRinge Benefits.
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Pradeep

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Pradeep (Querist)
05 July 2008 Thanks
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