Fringe benefit tax
By: Murthy, K.S.V.L. Narasimha.
Contributor(s): Gowri, K.
Material type:
ArticlePublisher: 2006Description: p.14-18.Subject(s): Fringe benefit tax | Taxation
In:
Management AccountantSummary: The justification given for introducing FBT is both on grounds of equity and economic efficiency. When these fringe benefits are under-taxed, it violates both horizontal and vertical equity. The violation of horizontal equity occurs when a tax-payer receives his entire income in cash and thus bears a higher tax burden in comparison to another tax-payer who receives his income partly in cash and partly in kind. And the violation of vertical equity occurs since these fringe benefits are generally provided only to the senior executives in the organization. - Reproduced.
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | Volume no: 41, Issue no: 1 | Available | AR69047 |
The justification given for introducing FBT is both on grounds of equity and economic efficiency. When these fringe benefits are under-taxed, it violates both horizontal and vertical equity. The violation of horizontal equity occurs when a tax-payer receives his entire income in cash and thus bears a higher tax burden in comparison to another tax-payer who receives his income partly in cash and partly in kind. And the violation of vertical equity occurs since these fringe benefits are generally provided only to the senior executives in the organization. - Reproduced.
There are no comments for this item.