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SUNIL THAKUR

SUNIL THAKUR (Querist)
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09 November 2011 why fringe benefit tax is paid by employer ?

VIKAS KUNDU

VIKAS KUNDU (Expert)
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09 November 2011 Dear Sunil, fringe benefit tax is not paid but was paid by employer i.e. it had been abolished with effect from assessment year 09-10. In answer why it was levied just to evade the co. and non co. from increasing their expenditure and to reduce their taxable income and finally to reduce their tax liability.