My company gives me the option of "Fuel and Maintenance" of upto Rs. 1,50,000/- per annum in my CTC on showing proper bills every month, I can get this money reimbursed (as a part of CTC ofcourse) and this Rs.1,50,000/- is not taxable. My questions are following:
1) They have deducted amount of Rs. 10,200/- as FBT @ 6.80%. Is this correct?
2) I gave them a bill(cash memo) of Rs. 13,500/- from an authentic repair center which was just labour and denting work. But the bill didnt have any CST or service tax number. My company rejected the bill on this ground. Are they correct about this, and if not, under what law ??
3) Going through topics on these websites only, can I give my insurance premium bill also under this category and get it reimbursed. ( under wat law) ??
4) Again, in the topics, there is provision for salary of the driver also. How can I get this reimbursement, as there will be no bill for this.
Any help would be appreciated, and if you can tell me the section and law also, so I can atleast say somehting to the company people.