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  1. May 20, 2024 · Fringe Benefit Tax (FBT) is a tax on the benefits provided by an employer to its employees in addition to their salaries. Learn about the types of benefits covered under FBT, the FBT rates and calculations, and the compliance requirements for employers.

  2. The term Fringe Benefits is a core concept under trading. Get to know the definition of Fringe Benefits, what it is, the advantages, and the latest trends here.

  3. Find out which benefits are subject to fringe benefits tax (FBT) and how to work out the taxable value of the benefits.

  4. Fringe Benefit Tax is levied in addition to the Income-Tax charged. Fringe Benefit Tax is payable at the specified rate on the value of fringe benefits provided to the employees. The value of fringe benefits is calculated in accordance with the provisions of Section 115WC of the Income-Tax Act, 1961.

  5. Jan 19, 2023 · Fringe benefits tax (FBT) is a tax paid by employers on certain benefits provided to their employees, or to their employeesfamily or other associates. FBT is separate to income tax. It's calculated on the taxable value of the fringe benefit.

  6. Apr 1, 2006 · Fringe benefit tax (FBT) was a form of tax that companies paid in lieu of benefits they offered their employees in addition to the compensation paid to them. It was included by the Finance Act 2005 with effect from April 1, 2006.

  7. Fringe Benefits Tax is payable at the specified rate on the value of fringe benefits. The value of fringe benefits is calculated in accordance with the provisions of section 115WC of the Income-tax Act, 1961, reproduced in the Annexure to this Guidance Note.

  8. Mar 31, 2021 · Fringe benefits tax (FBT) rates and thresholds for employers for the 2020–21 to 2024–25 FBT years. Last updated 22 May 2024. Print or Download. On this page. Tax determinations. Pay by instalments threshold. Rate for 31 March 2021 to 31 March 2025. Gross-up rates for FBT. Reportable fringe benefits.