PERQUISITES LEFT OUT - letter submitted to MD

Today NOINO submitted a letter to MD Shri A K Dasgupta for considering other perquisites relating to Housing loan, vehicle loans to officers & employees in administration, and other interest free advances.

The letter is reproduced below:

NATIONAL ORGANIZATION OF INSURANCE OFFICERS
(Affiliated to B.M.S.)

8.4.2010.

Shri A K Dasgupta,
Managing Director,
L.I.C. of India.

Respected Sir,
Re: Tax on Perquisites.
We sincerely thank the management for taking a decision to bear the tax on perquisites relating to staff quarters, car under scheme VI (revised), newspaper expenses re-imbursement & gifts worth 5000/- & above. It was a right & timely step. It has indeed brought relief to many employees. However, some of the perquisites have still not been brought under the ambit of the circular dated 6.4.2010 issued by F & A department. These are:-

1) Perquisite on Housing loan.
2) Perquisite on Vehicle loans for administrative side.
3) Perquisite on other interest free advances.

The logic that was applied while taking a decision to include the 4 perquisites in the above circular applies to the above three too. We request you, therefore, to cover the above 3 types of perquisites. Non-inclusion of these perquisites will tantamount to discrimination among employees. This will also dispel the doubts in the minds of the employees that only a certain section of employees have been provided relief through this circular.

We are sure that your goodself will take a positive decision in this matter.

Yours faithfully,
Sd/-
Ganesh Kamath
GS, NOINO.