Need A Financial Product › Forums › Tax Savings › Can I reduce my tax liability by using FBT

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  • August 21, 2014 at 9:00 pm #46975
    samkapoor77
    Keymaster

    I took a break from job for 3 years. My previous organization used to give benefits on fringe benefit tax. Now, the accountant of my new company that I have joined one month back is not providing any sort of tax benefit on fringe benefits. Is FBT still there in the system? How can I reduce my tax liability?

    August 23, 2014 at 4:26 pm #46976
    samkapoor77
    Keymaster

    FBT was abolished long ago and is not in force now. You can discuss the matter with HR or accountant of your organization. You can invest in some tax saver instruments. For your information, the limit of savings has been increased.

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