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of <h1>Employers liable for thirty percent fringe benefit tax under Section 115WA regardless of regular income tax obligations</h1> The Income Tax Act, 1961 imposes fringe benefit tax under Section 115WA as additional income tax on employers for fringe benefits provided to employees. Effective from April 1, 2006, the tax is charged at thirty percent on the value of fringe benefits during the previous year. This tax applies regardless of whether the employer owes regular income tax on total income, making it a separate liability distinct from standard income tax obligations.
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