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Fringe Benefit Taxation (fbt)

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Your perks will be taxed w.e.f April 1, 2009
Dec 19, 2009 at 12:22 | Source: Moneycontrol.com
Five and half months post abolishing the fringe benefit tax (FBT) during the budget announcement, the Central Board of Direct Tax (CBDT) has now issued a notification for taxation of perquisites that replaces the previous FBT rules.
HCL Tech offers performance linked increments
Jul 25, 2009 at 13:07 | Source: CNBC-TV18
After Cognizant, HCL Tech is offering performance-linked increments to its employees. CNBC-TV18s Kritika Saxena reports the company also has a plan of action to cut the tax falling on employees after the removal of fringe benefit tax (FBT).
FBT gone, but perquisite tax to reduce your take-home pay
Jul 10, 2009 at 09:29 | Source: CNBC-TV18
Fringe benefit tax (FBT) is gone but perquisite tax can take away a large part of your take home salary. ESOPS (Employee stock ownership plans) are not the only benefit taxed under perquisite, travel, hotel expenses and entertainment are included as well, reports CNBC-TV18's Kritika Saxena.
NIIT to play active role in govt skill development project
Jul 08, 2009 at 15:15 | Source: CNBC-TV18
Vijay Thadani, CEO, NIIT, said the focus on skill development, increased employment generation, and public-private partnerships have resonated well in the budget. He said NIIT would play an active role in the government skills development programme. The company, he added, has benefited from the removal of fringe benefit tax (FBT).
Budget impact on IT & telecom: BMR Advisors view
Jul 07, 2009 at 13:13 | Source: CNBC-TV18
In the backdrop of the global meltdown and the continuing adverse conditions in key markets, the IT sector had significant expectations from the Budget. The wish list ranged from extension of tax holiday under Section 10A/10B of the Act by 3-5 years to the abolition of fringe benefit tax (FBT).
Fringe Benefit Tax is a welcome change: B S R and Co
Jul 06, 2009 at 16:53
As the FBT provisions were felt to be too onerous and generated a huge administrative burden on corporates, there was a pressure to abolish the same.

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HCL Tech offers performance linked increments
FBT gone, but perquisite tax to reduce your take-home pay
NIIT to play active role in govt skill development project
A case for FBT's removal? Experts discuss
No big-bang stimulus expected this Budget: Macquarie
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