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.