Answer / gravi

Fringe Benefit Tax (FBT) was introduced in the Income-Tax
Act, 1961 through the Finance Act, 2005 which incorporated
Chapter XII-H in the Act w.e.f. April 1, 2006. It contains
provisions relating to definitions, charge of FBT, value of
fringe benefits, filing of return, assessment, best
judgment assessment, advance tax, etc., relating to FBT.

An employer who pays fringe benefits to his employees is
required to furnish a return of fringe benefits in the
prescribed form and deposit self-assessed tax in advance.
The assessing officer (AO) is required to make assessment
of fringe benefits. Chapter XII-H is thus a self-contained
code on FBT.

FBT is in addition to income-tax charged under the Act. Its
incidence is on the employer who provides or is deemed to
have provided fringe benefits to his employees. FBT is
charged at 30 per cent.

If you want to know about the rate of fbt,request you to
visit the below site.

http://crsharedalalco.com/FBT.htm

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