Section 115WKB Income Tax Act 2025 Deemed payment of tax by employee.

115WKB. (1) Where an employ­er has paid any fringe benefit tax with respect to allotment or transfer of specified security or sweat equity shares, referred to in clause (d) of sub-section (1) of section 115WB, and has recovered such tax subsequently from an employee, it shall be deemed that the fringe benefit tax so recovered is the tax paid by such employee in relation to the value of the fringe benefit provided to him only to the extent to which the amount thereof relates to the value of the fringe benefit provided to such employee, as determined under clause (ba) of sub-section (1) of section 115WC.

(2) Notwithstanding anything contained in any other provisions of this Act, where the fringe benefit tax recovered from the employ­ee is deemed to be the tax paid by such employee under sub-sec­tion (1), such employee shall, under this Act, not be entitled to claim-