I am Mr KV, , Ramanaiah worked with BEML from july 1991 to july 2012 i.e around 21Years, I joined at KGF and at the time of retirement I was GENERAL MANAGER FIN.
an d was working at corporate office i.e 23/1 4th MAIN SAMPANGIRAM NAGAR
BANGALORE ==560027.i retired from the services the company on 31st july 2012. At
the time of my final settlement an amount of Rs40976// as life time tax and tRs4250/
towards registration totalling to Rs45226/ has been deducted . These amounts were
paid by the company itself in terms of circular on provision of leased cars to offiicers
in the rank of.. DGMS AND ABOVE.. AT this junture a reference to the circular is vey
apt. On 5th sept 2007 comppany has issued a circular introducing a schme of
PROVIDING CARS ON LEASEHOLD BASIS TO EXECUTIVES IN THE RANKfe t OF DGMs &
ABOVE,
ASr per para 2.11 of the circular registation /inmsurance /taxes etc., will be paid
by the company.As regards liife time tax the circular provides as under.
where ver the state govt has introdiuced payment of life time tax on vehicles in
lump sum as one time payment the entire amoount of tax for such vehicles will be
borne by the comppany,
Having said sdd in the circular how company can deduct the said amoounts from
my final settlement ; I have reprresented the iesue with concerned deptt for which
tey are not bot, hered It is already 3syears and 7 months since I have remtired
from thr services of the company. PLEASE SUGGEST WHAT I SHOULD I DO
REGARDSS
RAMANAIAH K V
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