FBT - Fringe Benefit Tax

FBT - A serious abuse to the IncomeTax Department..Thats what i feel! (Abuse from All the employees who have their Selling price far less than FMV at which tax is calculated by FORCE). Many abuses hit the IncomeTax Department this year from many IT Gaints who give shares to their employees in the form of ESOP (Employee Stock Option Plan), ESPP (Employee Stock Purchase Plan), RSU (Restricted Stock Unit). When there is no degree  of change in terms of paying taxes as compared to last year, why does the street smart Chidambaram wants to play it back and forth introducing his highly intellectual patentable idea of FBT where the Govt. collects its taxes on every year instead how it used to be earlier (the year in which you sell your stocks). There has been no change in the policy, Govt. is not benefited out of this. Employer is not benefited out of this. The only hit is on the employees. Its a hard hit though.

oye sameer thera kitna aaya hai? 37 thousand tax (one time payment)... Oye nisheet thera kitna aaya hai? 48000, Oh my god - i have to pay 3 lakh tax in a month? Ram screams it loud!! No body knew what was happening until the FBT Concept was made clear. Even though you dont exercise your stocks (except ESOP), pay your tax and then off-set it if you have a capital loss!! Chidambaram likes - "Show me your nose?", "everyone else who pays FBT shows their anger"!! Hard-policy that benefits NO-ONE but causes pain for EVERY-ONE..thats FBT.