Fringe
Benefit Tax (FBT)
Fringe Benefit Tax is a tax on an employer
for expenses that are deemed to be benefits
to an employee.
Tally.ERP 9 supports:
• FBT and Non-FBT ledgers in the same voucher
• Auto and manual calculation of FBT amount
• Payment of advance tax, tax on regular
assessment and self assessment tax
• Transactions involving interest, penalties
& others
• Generation of FBT Challan and other FBT
related reports
• Tracking of details bill-wise (bill-by-bill)
• Automatic calculation of FBT payable and
adjustments of advance tax
• Challan management and printing to ensure
prompt and accurate filing of tax
• Provision to adjust the Recoveries from
the employees towards the expenses incurred
by the employer
These FBT related
reports are available:
• FBT Computation (Category wise) Report
• Statutory Returns – ITR 8
Combined with TDS, TCS,
VAT, FBT, Service Tax, Excise for Dealers,
Excise for Manufacturers and others, Tally.ERP
9 comes with complete statutory taxation
coverage.
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