abt taxation

FBT is the tax on Benefits provided by the Employer to its Employees or to his/her family for free or for  nominal charges. like Club Facility, Medical reimburshment etc.

FBT is the tax imposed on expenditures incurred mainly for employees by employers which involves some element of personal nature of employees which may be certain or deemed. Such expenditures attract FBT.

FBT is a tax which is payable by employer on the specified non monetry perquisite proided by the employer to the employees, which are  not taxable in the hands of employee.

For example :telephone expenses ,travelling and conveyance exp.fooding and breveges,supscripttion to club,etc.