How Can We Create a Fair Fuel & Maintenance Reimbursement Policy for High Earners?

Introduction of Fuel & Maintenance Reimbursement Policy

In my organization, we are planning to introduce a new salary component called Fuel & Maintenance reimbursement. With this initiative, we aim to provide a fixed amount to high-earning employees to mitigate significant tax implications. I kindly request your assistance in formulating a policy for the reimbursement of Fuel & Maintenance expenses.

Regards,
Kumar

It is possible. Please seek help from KPMG or Ernst & Young in India. Also, refer to the following links:
- https://www.citehr.com/336090-latest...-salaried.html
- New perquisite valuation rules to hit employees with company cars

Regards

With the rise in the price of petrol at very short intervals, please let me know how local travel reimbursement is being handled when employees are using their own vehicles for business purposes.

Thanks,
Swagata