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need clarification about ERA
by balakrishna narla on Jan 17, 2009 01:14 PM   Permalink

My company reimburses me Petrol, entertainment and telephone @home expenses on a monthly basis. Should this amount be considered while paying the income tax for the year or should it be excluded? I heard these are Fringe benefits and I have to pay only Fringe Benefit Tax. Is this correct? If so, what is the rate of tax on the same? Thanks in advance. --Krishna

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The above message is part of the Discussion Board:
What is fringe benefit tax?