Answer / sanjay kumar

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%

Answer / l.govindarao

It is tax on Expenditure.

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

Answer / kalpana

Fringe Benefit Tax means tax payable by the employer
certain Fringe benefit have been provided by the employee.

sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?

0 Answers  

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what kind of documents required for VAT Assessment?

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Basing on what we can made TDS payment

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