https://www.taxtmi.com/acts?id=3272 Section 115WB defines fringe benefits to include employer provided privileges, services, amenities, concessional private travel tickets, employer contributions to approved superannuation funds, and specified securities or sweat equity shares. It deems fringe benefits to arise where the employer incurs expenses for categories such as entertainment, hospitality, conferences, sales promotion (subject to specified advertising and sponsorship exclusions), employees' welfare (with enumerated exclusions), conveyance, accommodation, vehicle and aircraft upkeep, telephone use, festival celebrations, club and health facilities, gifts, scholarships, and tour and travel; perquisites taxed as employee income and certain commuting transport benefits are excluded. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 14:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3272 Section 115WB defines fringe benefits to include employer provided privileges, services, amenities, concessional private travel tickets, employer contributions to approved superannuation funds, and specified securities or sweat equity shares. It deems fringe benefits to arise where the employer incurs expenses for categories such as entertainment, hospitality, conferences, sales promotion (subject to specified advertising and sponsorship exclusions), employees' welfare (with enumerated exclusions), conveyance, accommodation, vehicle and aircraft upkeep, telephone use, festival celebrations, club and health facilities, gifts, scholarships, and tour and travel; perquisites taxed as employee income and certain commuting transport benefits are excluded. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3272