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Meaning of FBT

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(Querist)
11 March 2008 i want to know about FBT
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Gopalakrishnan

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Gopalakrishnan (Expert)
11 March 2008 Fringe Benefit Tax is tax on certain expenses which are provided to employees or deemed to be provided to employees.

The Income Tax Act has been suitably amended to include the provisions of chargiing FBT.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
12 March 2008 FBT IS TAX WHICH IS CHARGED ON THE EXPENSES INCURRED IN RELATION TO BENEFIT/FACILITY PROVIDED TO EMPLOYEES
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