Tax

This query is : Resolved 

11 June 2009 Define the difference between FBT and Income tax ?

11 June 2009

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.



11 June 2009 FBT is payable even if there is not income tax payable.

11 June 2009 Agree with expert.



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