« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?  Full List Of Trump's Reciprocal Tariffs Announced Wednesday  Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025  5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025  March 15 is deadline for last advance tax installment: Know if you must pay «  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.