Fringe Benefit Tax

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muthuvel

muthuvel (Querist)
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29 August 2007 Whether usage of internet is liable to FBT ?
If liable what is FBT rate ?

Raj

Raj (Expert)
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30 August 2007 Which intrest ? if it is intrest on car loan used in office then it will be taxble in FBT.

Jayant Shaligram

Jayant Shaligram (Expert)
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30 August 2007 Hello Dear,

Use of telephone line (including mobile phone ) is chargeable to tax. However, Leased lines are exempt. Internet being aleased line assuming a broad band connection will not be liable to FBT

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Raj

Raj (Expert)
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30 August 2007 Sorry it is Internet, Generally Internate charge liable for FBT because some time the connection available for both Internet & calling purpose, BUT IF YOU CHARGING INTERNRT EXP.SEPERATELY then you can prove that Internet connection used exclucive for data transfer purpose & can escape from FBT.