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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