« Top Headlines » Open DEMAT Account in 24 hrs  Section 80D Tax Deductions: Your guide to Smart Healthcare investment  How do I claim tax exemption under 54F?  ITR filing: How income from stock market is taxed explained  Income Tax notice: 6 high-value cash transactions that can get you flagged by I-T dept «  States may defer tax on education... Sebi rejects plea for PAN relaxation... » Govt defers FBT payment on Esops to Sept 15 June, 15th 2007 The finance ministry has extended by three months the deadline for payment of the first installment of fringe benefit tax (FBT) on employee stock option schemes (ESOPs). The companies were earlier scheduled to pay the first installment of the tax on Friday.   The 2007-08 Budget had announced a levy of fringe benefit tax on stock options. However, the Central Board of Direct Taxes is yet to arrive at a methodology for determining the fair market value of shares given under ESOPs.   In the absence of a method for determination of fair market value, it will not be possible for an employer to determine the value of the first installment of FBT in respect of allotment shares to its employees, a government release said.