« Top Headlines » Open DEMAT Account in 24 hrs  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases «  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.