How to calculate petrol reimbursement doubt

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3145 Points Posted on 08 March 2024
my employee travel 15 km in his passion pro bike for office purpose ...The current petrol price is Rs. 103 ...Milege per litre 150


so what reiumbersement I have to give to him


plse calculation give me
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On 08 March 2024 at 07:42 Report
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Quick Summary
This discussion tackles the calculation of petrol reimbursement for an employee who travelled 15 km for office purposes. The core of the query revolves around determining the reimbursement amount based on current petrol prices (Rs. 103/litre) and the bike's mileage (stated as 150 km/litre, which is questioned). Participants debate the calculation method and the feasibility of such high mileage, with suggestions to reimburse based on a per-km rate derived from fuel cost and mileage, while also noting potential annual claim limits and company policy considerations.

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"Do the Right Thing...!!!"
128157 Points Posted on 08 March 2024
As per above values, it's very crucial to calculate.

Bcoz,

The reimbursement based on employer and employment allowance given by employer...

So, You only to decide what will give.
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On 08 March 2024 at 09:20
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Profession
28269 Points Posted on 08 March 2024
I would request someone to take care of the above
petrol reimbursement is allowed only in special cases.
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On 08 March 2024 at 09:29
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"Do the Right Thing...!!!"
128157 Points Posted on 08 March 2024
Mileage per ltr 150....????
😇😇😇😇😇😇

is it's really @ MPR Sanjay Kumar...??


If Yes...

I'm going to buy immediately for this bike...

please send the bike details as soon as possible...
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On 08 March 2024 at 10:35
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Chartered Accountant
86505 Points Posted on 09 March 2024
You reimburse Rs 10 i.e. 103 divided by 150 and then multiply it by 15
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On 09 March 2024 at 07:51
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"Do the Right Thing...!!!"
128157 Points Posted on 09 March 2024
Originally posted by : CA Rashmi Gandhi
You reimburse Rs 10 i.e. 103 divided by 150 and then multiply it by 15

 

What is this...??

 

Are You a Calculator or Robot...??

Which bike give 150 mileage...??

What about depreciation of the bike...??

 

Don't be give reply as duty...

 

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On 09 March 2024 at 08:40
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Chartered Accountant
86505 Points Posted on 09 March 2024
It's just a reply to query on figures only, no relation with the reality
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On 09 March 2024 at 08:43
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"Do the Right Thing...!!!"
128157 Points Posted on 09 March 2024

Ohhh God...

 

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On 09 March 2024 at 08:45
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Finance
4592 Points Posted on 09 March 2024

what ever your milage is you can only claim 19.8k per annum. So reduce or increase your mileage :)

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On 09 March 2024 at 12:37
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Chartered Accountant
86505 Points Posted on 10 March 2024
@ Yasaswi Gomes, Sir whether you are reading too much replies of sabyasachi mukherjee.
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On 10 March 2024 at 21:29
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Finance
4592 Points Posted on 11 March 2024

@ Rashmi Yes Miss CA Rashmi Gandhi. I'm not bothered cause He is like funny online or maybe bored. Apart from taxation I don't trust anyone nor need help. Look at how he gave answers that small amounts need not be filed and I told the same. What will happen to querist if he follows that advise. Not unless you corrected that, I didnt know that we must file itr 3 compulsory. 

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On 11 March 2024 at 10:37

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