FBT ADVANCE TAX

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Brijesh Kumar

Brijesh Kumar (Querist)
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18 June 2008 Hi

can any one tell me in which condition we have to pay ADVANCE FBT TAX payment

CA BISHAN AGARWAL

CA BISHAN AGARWAL (Expert)
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18 June 2008 FBT SHOULD BE PAID IN THE FINANCIAL YEAR ITSELF AS ADVANCE FBT.FBT SHOULD BE PAID ON 15TH OF THE NEXT MONTH AFTER THE QTR ENDS.

CA Anand Sarda

CA Anand Sarda (Expert)
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18 June 2008 Advance fringe benefit tax - The scheme of payment of
advance fringe benefit will be revised with effect from June1,
2007. Advance fringe benefit tax will be payable by a company
in four installments as follows:
On or before June 15
15%
On or before September 15
45%
On or before December 15
75%
On or before March 15 100%

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Brijesh Kumar

Brijesh Kumar (Querist)
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19 June 2008 Thanks but i want to know if my FBT Tax liability is below Rs. 5000/- then we eligible or not ?

please tell me