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Querist : Anonymous

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Querist : Anonymous (Querist)
04 May 2010 Does introduction of fbt amendment only leads to taxation of all earlier taxable perquisites in the hands of employee now including new taxability of esop and contribution of employer to superannuation fund beyond 1 lakh...or there are any other effects of tha same too..????
kindly help
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 May 2010 My view Effect
1. Tax revenue will come down for the Govt: because in FBT flat rate of tax there is no slab rate, based on percentage of expenses need to pay flat rate but now in the hands of employee taxability based on valuation and tax also based on individual slab applicablity limit

2.Previously FBT in the picture, some of the companies the applicable FBT also they made as CTC in the employees salary so now there is no provision like this
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