Configuration Set Up for FBT in Tally

For configuration set up press F12 and select General. There select 'India/SAARC' at the option - "Use Accounting terminology of ".
Then set up the FBT features by pressing F11 and then press F3 i.e., Statutory and Taxation and set 'yes' to the options "Enable Fringe Benefit Tax" and "Set/Alter FBT Details".
There it will ask you for Company FBT Assesse Details. You have to provide the following details there :

• PAN/Income-Tax no. - Enter the Permanent Account Number(PAN) of the company/organisation alloted by the Income Tax Department.
• Assesse Type - Enter the type of assesse to which the organisation belongs from the list provided.
• Is surcharge Applicable - Tally automatically sets the option to 'yes'. Choose the proper option as per the situation.
• Assessee Category - Select the appropriate assessee category.