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Petrol/Fuel Reimbursement

Others 3793 views 5 replies

Dear All,
I work for a IT company where lot of staff are entitle for re-imbursment of conveyance on the basis of Kms run. Looking into the frequent changes in the petrol prices, we need to revise reimbursement rates too. My request to all of you to share some formula/basis how to work out the correct re-imbursment rate/km for two wheeler and four wheelers.

Thanks & Best Regards

Praveen

Replies (5)

I Think U Shud Use Standard Mileage for

1) Two Wheeler 2) Four Wheeler 3) Pubilc Transport

Than Multiple With Currnet Oil Rate nd Find Amt.

 

hi

Dear every mark his standard rate of conveyance of

Two Wheleer & Four Wheler

but if your company is not mark any standard rate.

then you get average your bike and also get a Repair and mantence cost per Km

and after that plus both cost and divide with km

 

thanks

Either you make standards for each category of employee or each designation of employee or ask them to fill up a detailed form for getting reimbursement.

Dear Mr. Peeyush/Tarun & Ketan

 

Thanks for your replies.

but if you can provide me some formula etc. in excel i will be more obliged.

Thanks in anticipation of ur favorable response.

Praveen

Hi friends i am getting 2000 every month as a fuel expenses what is the condition for taking this exemptin and what is the meaning of cubic capacity and model no.


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