<h1>CBDT Extends Payment Deadline for ESOP-Related Fringe Benefit Tax Installments to December 15, 2007.</h1> The Central Board of Direct Taxes (CBDT) has extended the due date for the payment of the first and second installments of the Fringe Benefit Tax (FBT) related to Employee Stock Option Plans (ESOPs). Initially due on June 15 and September 15, 2007, the payments can now be made by December 15, 2007. This extension is due to the pending finalization of the method for determining the fair market value of specified securities or sweat equity shares, which affects the calculation of the FBT. The extension aims to alleviate difficulties faced by employers in calculating the tax without the prescribed valuation method.