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Q.

Meaning of frienge benefit tax

Asked by krishna, 23 Sep '08 09:19 am
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Answers (5)

1.

Fringe Benefit Tax (Full Details)
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What is fringe benefit tax?The imposition of fringe benefit tax that proposes to tax companies on perquisites provided to their employees by Finance Minister P Chidambaram in his recent Budget has sparked off a huge debate amongst corporate and tax circles.

Fears have been aired that many an industry will be badly hit by the fringe benefit tax and act as a barrier to their growth and well being.

So just what is fringe benefit tax?

The taxation of perquisites -- or fringe benefits -- provided by an employer to his employees, in addition to the cash salary or wages paid, is fringe benefit tax. ...more
Answered by Jack Johnson, 23 Sep '08 09:25 am

 
  
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2.

No clue
Answered by conviction, 19 Jun '13 07:04 pm

 
  
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3.

Fringe benefit tax (FBT) is a tax on benefits that employees receive as a result of their employment, including those benefits provided through someone other than an employer. Parliament has passed the Taxation (Depreciation, Payment Dates Alignment, FBT and Miscellaneous Provisions) Bill.
Answered by anil garg, 28 Oct '12 01:25 am

 
  
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4.

Tax piad on the freinge benefit given by company to the employ. There are various things which comes under the frienge benefit, like providing a car, food allowance, etc.
Answered by manish rathi, 23 Sep '08 09:22 am

 
  
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5.

Jargon devised by finance ministry to extract money in another form of tax...
Answered by Lucky, 23 Sep '08 09:22 am

 
  
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