Answer / santhu

hi,

As per my knowledge, fringe benefits shall be
deemed to have been provided if the employer has incurred
any expense or made any payment for the purposes of:

(a) entertainment
(b) festival celebrations
(c) gifts
(d) use of club facilities
(e) provision of hospitality of every kind to any person
whether by way of food and beverage or in any other manner,
excluding food or beverages provided to the employees in
the office or factory
(f) maintenance of guest house
(g) conference
(h) employee welfare
(i) use of health club, sports and similar facilities
(j) sales promotion, including publicity
(k) conveyance, tour and travel, including foreign travel
expenses
(l) hotel boarding and lodging
(m) repair, running and maintenance of motor cars
(n) repair, running and maintenance of aircraft
(o) consumption of fuel other than industrial fuel
(p) use of telephone
(q) scholarship to the children of the employees

regards,
santhosh.p

Answer / prajaktashrikant

Fringe Benefit means the exta amount is paid to employees
in form of LTA, Education Allowance, Traveling Exp ,Petrol
Allowance, Hotel allowance etc..; Now a days on all this
Gov. charge a tax

Answer / surjeet

as we know that the fringe benefits are additional to the
salary but the main purpose of fringe benefits is to retain
the employee for long time and just plays a good role by
giving financial or nonfinancial satisfactions.

Answer / okoro emeka k

Fringe benefit are
nonfinancial rewards
use to motivate
employees inorder to
enhance productivity in
the organization

Answer / choki wangmo

Employer gives benefits to the Employees in order to
compensate his/her service and motivates to do best for the
organization.
Eg: Medical Expenses, Childern Education
Allowances,Scholarship, Gifts,etc....

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