Answer Posted / ajay s. chaurasia

FBT Stand for Fringe Benefit Tax. Fringe Benefit Tax on the
value of certain fringe benefits provided by employers to
their employees to be abolished.

Followings are the expenses on which FBT imposed with Tax
Rate / Slab

Expenses Tax Rate
Use of telephone (other than leased lines) 20%
Entertainment 20%
Scholarship to children of employees Actual 50%
Hospitality 20%
Maintenance of accommodation like guest houses 20%
Conference 20%
Employee welfare 20%
Sales promotion, including publicity 20%
Festival celebration 50%
Gifts 50%
Use of club facilities 50%
Useof health clubs,sports & similar facilities 50%
Conveyance, tour and travel,
including foreign travel 20%
Hotel, boarding and lodging 20%
Repair, running (including fuel), maintenance of motorcars
and depreciation thereon 20%
Repair, running (including fuel), maintenance of aircraft
and depreciation thereon 20%

How many heads are there under total income?

1476

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What is the difference between fund flow vs. Cash flow?

1130

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Which form used for registration in GST?

1542

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We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.

2132

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What is c.s.t slab on furniture & fixture ?

2341

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can i adusted our vat credit in W.C.T. payable?

3627

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Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana

3105

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anybody pls tell me about the service tax

2168

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How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,

3562

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Rules for filling Income Tax return for a MNC?

2306

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What are the excise duties in our state?

2558

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How to reconcilation of modvat

2379

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What is FBT & Service Tax Remittances?

2281

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Can u provided all the dues date and depositing date which are used in general manner or Income tax..

1770

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certificate of export is for which items?

1943

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