what is F B T?

Answers were Sorted based on User's Feedback



what is F B T?..

Answer / anuj kumar

firstly its full form is frienge benefit tax.\
It is basically introduced due to perqusits which are given
to employer to employee which are not taxed in both the
hands now they are taxable.
for example petrol exp. of four wheeler which can be used
for personal & official both.
There must exist employer & employee relationship.
Tax Rate is 30% + surcharge + education cess 3%

Is This Answer Correct ?    17 Yes 1 No

what is F B T?..

Answer / rajesh

FBT means Fringe Benifit Tax. this tax collection from
Partneship firm and companies. its special tax. this tax
calculate from expenses for the firm. exm. telephone
expenses, staff welfare (outside of factory), conveyance,
travelling

Is This Answer Correct ?    13 Yes 3 No

what is F B T?..

Answer / 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

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5

2 Answers  


Please give me jounranl entry for following Paid on account Rs. 15000...

4 Answers  


What is the difference between a Proprietor firm, a Partnership firm & a limited company

2 Answers   Accenture,


why are cutting tds?

1 Answers  


Discount or expenses on issue of shares or debentures is an example of..

1 Answers  






respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...

0 Answers  


Expand-------TNAS

2 Answers  


explain about mergers & aquisitions? asked on 30/7/09

0 Answers   FactSet Systems,


Define The Term Journal And Explain The Present Day Use?

0 Answers  


how to create the trading a/c, profit & loss a/c & Balance sheet & What do u mean by bank reconcilation

4 Answers  


What should be considered as best in the company's view either debt or equity? Explain briefly?

7 Answers   Capital IQ,


profarma of letter of credit

2 Answers   Godrej,


Categories