FBT means Fringe Benefit Tax. It is basically introduced due to perquisit

what is F B T?

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Answer Posted / gs

FBT means Fringe Benefit Tax.
It is basically introduced due to perquisites which are given to employer to employee which are not taxed in both the hands now they are taxable. There must exist employer & employee relationship & these one can be calculated as below:-

Tax Rate + surcharge + education cess

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