Page-9 of Income Tax Current Affairs, GK & News

What is Fringe Benefit Tax?

Fringe Benefit Tax (FBT) was a tax levied in india from 2006 to 2009. It was paid by the companies in lieu of benefits they offered to their employees in addition to the compensation / salary. The tax was levied on benefits to the employees such as expenses on entertainment, travel, employee welfare, accommodation, transport ..

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