As per the news article published on May 27, 2009 in the Economic Times, the Government is considering a proposal to do away with FBT in the coming Union budget. FBT was introduced in the 2005-06 Finance Bill and is levied on perquisites provided by the employer to the employee in addition to the regular salary.
Government may do away with fringe benefit tax (FBT) in budget
Updated: Jan 18, 2022
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