Recovery of fringe benefit tax: employers may vary share allotment agreements to recoup tax liability from employees. The inserted provision authorises an employer to vary any agreement or scheme under which specified securities or sweat equity shares were allotted or transferred so as to recover Fringe Benefit Tax from the employee, notwithstanding contrary contractual terms, for allotments or transfers on or after 1 April 2007, limited to the employer's liability as determined under the valuation rule in clause (ba) of sub section (1) of section 115WC.