[nidokidos] Hewitt Global Report: India--Abolition of Fringe Benefit Tax and Introduction of Tax on Perquisites ( January 2010 )

 

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Hi, Hope this is helpful to some of you. Hewitt Global Report: India--Abolition of Fringe Benefit Tax and Introduction of Tax on Perquisites (January 2010) The Indian government has released rules governing the taxation of fringe benefits, now payable by the employee. Employers are required to determine the value of certain fringe benefits in order to withhold the appropriate tax. This report summarizes the government's guidance on calculating the value of fringe benefits. Employers may wish to review their compensation and benefits practices in light of the elimination of the Fringe Benefit Tax (FBT) and the additional tax burden on employees. Regards Anand

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