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Trust formation - Gratuity to pay FBT

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Is Trust formed for the purposes of Gratuity liable to pay FBT ?

Trusts for Gratuity Not Liable for Fringe Benefit Tax Under Section 115W(a) of Income Tax Act 1961 A query was raised regarding whether a trust formed for the purpose of gratuity is liable to pay Fringe Benefit Tax (FBT). The response clarified that according to section 115W(a) of the Income Tax Act, 1961, only specified persons are liable to pay FBT, and a trust is not considered an employer under these provisions. Therefore, a trust formed for gratuity purposes is not liable to pay FBT. (AI Summary)
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