Fringe Benefit Tax: Latest News and Updates, Top Stories, Videos, Photos About Fringe Benefit Tax

Fringe Benefit Tax News

The Finance Act, 2005, introduced a new tax called ‘Income-tax on fringe benefits' as an additional income tax and was applicable from April 1, 2005. Fringe Benefit tax is levied on the employer who has provided or deemed fringe benefits ...

Which perquisites from salaries are exempted from Income Tax in India?

A "perquisites" is meant to include any casual benefit attached over and above the salary or wages. They are also called fringe benefits. Perquisite include the following: 1. Value of rent free/concessional rent accommodation provided by employer. 2. Value ...

What are the various challans used for depositing tax?

The department of Income Tax in India in order to deposit in the different type of taxes has provided different challans. The specific challan for a particular tax can be filled in with the requisite details and deposited along with the ...