Fuel and Maintenance component in salary

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Gagandeep Bajaj (Querist)
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24 July 2008 Hi

asked this question under your forum, but didnt get many reponses, so putting it here. Sorry, if this is not the right place.

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 get this money in my salary (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 (the %age of 6.80)?

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 didn't have any CST or service tax number. My company rejected the bill on the ground that it is not having CST number. Is a bill not considered authentic till it has CST number?? If they are not correct, could you please tell me the law under which this bill is authentic??

3) Going through topics on these websites only, can I give my insurance premium bill also under this category (under wat law) ??

4) Again, in the topics, there is provision for salary of the driver also. How can I show this as a part, 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 at least say something to the company people.

Thanks

Gagandeep Bajaj

(Software Engineer)

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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25 July 2008 1. There is no bar in recovery of FBT
2. In whose name is the bill drawn?
3. Insurance is part of maintenance.
4. Driver's salary is not part of maintenance.

Gagandeep Bajaj

Gagandeep Bajaj (Querist)
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25 July 2008 thanks for the reply....

Regarding question 2, the bill is drawn on my name only against my car only. Is the bill authentic??

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