In which year was India's fringe benefits tax abolished?
A2005
B2009
C2012
D2017
Answer & Solution
Correct answer: B. 2009
India withdrew the fringe benefits tax in 2009, unlike countries such as Australia that still levy it.
Keep practising Employee Benefits
Browse all Employee Benefits questions for CA Inter, or explore more Accounting topics.
Related questions
Employee benefits mainly aim to increase what for staff?Which US plans let employees choose from a menu of benefits?Employees tend to see mandated benefits as creating what?Which body coined the term fringe benefits during World War II?What is exchanging cash wages for another benefit called?The IASB defines employee benefits as consideration for what?Who prepared the 1943 report that shaped India's health insurance scheme?Wages Rs 18,000 a month: employee's ESI share at 0.75% is?