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of <h1>Section 115WB classifies employer-provided privileges, services, travel, contributions and specified shares as taxable fringe benefits</h1> Section 115WB treats specified employer-provided advantages as 'fringe benefits' chargeable under this Chapter, including privileges, services, amenities, free or concessional private travel tickets, employer contributions to approved superannuation funds, and specified or sweat equity shares allotted to employees. It deems fringe benefits where an employer incurs expenses for entertainment, hospitality, conferences, sales promotion (subject to detailed exclusions), employee welfare (with stated exceptions), conveyance, hotel/boarding, vehicle and aircraft running/repairs and depreciation, telephone use, festival celebrations, health/club facilities, gifts, scholarships, and tour and travel. Perquisites already taxed to employees and certain travel/transport allowances are excluded.
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