Английская Википедия:Fringe benefits tax (India)

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The fringe benefits tax (FBT) was the tax applied to most, although not all, fringe benefits in India. A new tax was imposed on employers by India's Finance Act 2005 from the financial year commencing April 1, 2005.[1] The fringe benefit tax was temporarily suspended in the 2009 Union budget of India by the then Finance Minister Pranab Mukherjee.[2][3]

The following items were covered:

  • Employer's expenses on entertainment, travel, employee welfare and accommodation. The definition of fringe benefits that have become taxable has been significantly extended. The law provides an exact list of taxable items.
  • Employer's provision of employee transportation to work or a cash allowances for this purpose.
  • Employer's contributions to an approved retirement plan (called a superannuation fund).
  • Employee stock option plans (ESOPs) have also been brought under fringe benefits tax from the fiscal year 2007–08.


References

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