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(Querist)
11 June 2009 Define the difference between FBT and Income tax ?
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Rajesh

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Rajesh (Querist)
11 June 2009
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
11 June 2009 income tax is tax on income earned by the person
and FBT is the taxation of perquisites -- or fringe benefits -- provided by an employer to his employees, in addition to the cash salary or wages paid, is fringe benefit tax.

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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
11 June 2009 FBT is payable even if there is not income tax payable.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
11 June 2009 Agree with expert.

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