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| *Ostroff, Fair and Company>>>India Taxes |
Who pays fringe benefit tax ? |
Who pays fringe benefit tax ? an employer providing fringe benefits to his employees collectively is liable to pay fbt employer includes: 1. a company 2. firm 3. AOP/BOI 4. local authority & 5. artificial Juridical person, not falling within any of the above. fbt is in addition to the normal income tax. one who gets a fringly benefitted....that means almost every one!!!! Mr.Chidambaram, FM , India. FBT is for sure to be paid by the employer providing the fringe benefits but in certain cases the employee has to take the brunt of the same. For e.g. an employee is relocated from city x to y. IT regulations say that the employee cannot be allowed to stay on company expenses for more than 15 days, but if he does stay more than 15 days, then the employee stands to pay taxes to the govt. (a friend of mine who recently shifted from hyd to mumba |
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