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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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