FBT and TDS

This query is : Resolved

Report Abuse Follow Query Ask a Query

Yashwanth D N

Yashwanth D N (Querist)
Follow

03 July 2009 Hello frenz,

Can anyone tell me in brief about FBT and TDS please.

Bindu Madhav

Bindu Madhav (Expert)
Follow

04 July 2009 FBT - Fringe Benefit Tax

It is tax payable by the EMPLOYER for incurring the expenses as prescribed. Tax is depending on the rates as prescribed.

TDS - Tax deducted at Source.

Person (Company, Firm etc.,- not individual & HUF) - who are making payment /credit - need to deduct tax at prescribed rates.