« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately «  Non-filing of returns to attract penalty... Govt to come out with clarification on works contract... » Bharti Airtel to recover FBT from employees July, 28th 2007 The board of Bharti Airtel Ltd has approved modification in the company's ESOP Scheme 2001 and 2005, to recover fringe benefit tax and any other statutory taxes and levies by the government from the employees. The taxation of perquisites provided by an employer to his employees, in addition to the cash salary or wages paid, is fringe benefit tax. Finance Act 2005 introduced the new law relating to taxability of fringe benefits by inserting new sections 115W to 115WL in the Income Tax Act. The FBT varies from 20% to 50% depending on the perquisite.