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what is FBT & where it is used?

Answer Posted / ajoy kumar rai

FBT MEANS FRINGE BENEFIT TAX THAT IS THE AMOUNT WHICH IS
PAID AS TAX FOR THE EXPENSES DURING FINANCIAL YEAR EXAMPLE
CONVEYANCE, TELEPHONE EXP. CAR EXP., TRAVELLING EXP. ETC.

IT IS USED IN CALCULATION OF SALARY.

IT HAS BEEN ABOLISHED FROM F/Y 2009-10.



AJOY RAI

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