Multiple choice general knowledge

When was Fringe Benefit Tax Introduced

  1. 01 April 2005

  2. 01 April 2006

  3. 01 April 2008

  4. 31 Mar 2006

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Fringe Benefit Tax (FBT) was introduced in India on April 1, 2006, under the Finance Act 2005. It was levied on the value of fringe benefits provided by employers to employees. FBT was later abolished in 2009.