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what is the difference between FBT and Income Tax.both are
interrelated with each other or not?if not then why

Question Posted / mritunjay


what is the difference between FBT and Income Tax.both are interrelated with each other or not?if ..

Answer / n.kadhiresh

Income Tax is charged on the income earned under any of the
five heads of INCOME.

Fringe Benefit tax is levied for the benefits provided by
the employer to his employee and it's purely a tax on
expenditure.

Both are not interrelated. Because one is in the nature of
Income & the other being the vice verso.

Is This Answer Correct ?    11 Yes 2 No

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