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

This topic contains 1 reply, has 2 voices, and was last updated by  Yogesh Arora 2 years, 7 months ago.

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  • #46975

    Yogesh Arora
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    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?

    #46976

    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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