Multiple choice general knowledge When was Fringe Benefit Tax Introduced 01 April 2005 01 April 2006 01 April 2008 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.