What is mean by FBT (Fringe Benfit Tax)? How to calculate this?

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What is mean by FBT (Fringe Benfit Tax)? How to calculate this?..

Answer / h.r. sreepada bhagi

FBT means the taxes levied by the Central Government on
Fringe benefits. it has been withdrawn from the Assessment
year 2010-11. Now it's not in force in India.

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What is mean by FBT (Fringe Benfit Tax)? How to calculate this?..

Answer / yogesh

FBT as a tax was levied on the financial resources spent on
firm's secondary operations like travelling , phone
bills , refreshments and all that .

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