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what do you mean by fringe benefit tax???
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Employer expand some expenses on welfare to the staff then
government charge taxes on these expenses from the employer
firs value has been calculated on the expenses bearer by
the employee. rate are 5%, 20%, 50% applicable according to
nature of expenses
after calculating the value of fbt
now rate has been charged on value of fbt, the rate is 30%
plus 2% education cess and 1% secondary & higher education
cess
total rate is 33.90%
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / sachin mahadev mangaonkar
Fringe benefit tax means As the From No-280 FBT means tax
can be given by the employe welfare & empoly benifit tax
can be paid by govermant
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / kalpana
Fringe Benefit Tax means tax payable by the employer
certain Fringe benefit have been provided by the employee.
| Is This Answer Correct ? | 1 Yes | 3 No |
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