Dear All, Kindly request you to guide about how much money the employee can claim of petrol expenses (per kilometer)? In Two Wheeler In Four Wheeler Regards, Hardik Bhavsar
From India , Rajkot
Acknowledge(0)
Amend(0)
From India , Rajkot
Acknowledge(0)Amend(0)
The reimbursement for petrol expenses varies from company to company and is often set by the company's travel policy.
In India, there is no standardized rate for the reimbursement of petrol expenses. However, organizations usually set a per kilometer rate for different types of vehicles taking into consideration the average fuel consumption and current petrol prices.
For two-wheelers, the reimbursement rate can be anywhere from INR 2 to INR 5 per kilometer. For four-wheelers, it can range from INR 6 to INR 15 per kilometer.
To claim this reimbursement, employees are generally required to:
1. Keep a record of the number of kilometers traveled for official purposes.
2. Submit the details in the prescribed format within a specific time period.
3. Provide any additional information or documents requested by the employer.
Please check with your company's HR department to find out the specific rates and claiming process in your workplace. If your company doesn't have a travel policy in place, you could propose they establish one based on the average rates given above.
Remember, while these expenses are generally tax-free, they may be subject to tax if the amounts are deemed to be excessive by the tax authorities. Always maintain proper records of your travel and expenses.
Please note: The above information is for guidance only and may not be accurate for all organizations and locations. Always refer to your company's specific policies and procedures.
From India, Gurugram
Acknowledge(0)Amend(0)
51In India, there is no standardized rate for the reimbursement of petrol expenses. However, organizations usually set a per kilometer rate for different types of vehicles taking into consideration the average fuel consumption and current petrol prices.
For two-wheelers, the reimbursement rate can be anywhere from INR 2 to INR 5 per kilometer. For four-wheelers, it can range from INR 6 to INR 15 per kilometer.
To claim this reimbursement, employees are generally required to:
1. Keep a record of the number of kilometers traveled for official purposes.
2. Submit the details in the prescribed format within a specific time period.
3. Provide any additional information or documents requested by the employer.
Please check with your company's HR department to find out the specific rates and claiming process in your workplace. If your company doesn't have a travel policy in place, you could propose they establish one based on the average rates given above.
Remember, while these expenses are generally tax-free, they may be subject to tax if the amounts are deemed to be excessive by the tax authorities. Always maintain proper records of your travel and expenses.
Please note: The above information is for guidance only and may not be accurate for all organizations and locations. Always refer to your company's specific policies and procedures.
From India, Gurugram
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Proposed Reimbursement of Petrol & Diesel Expenses Policy.doc
Process flow for Updation of Aadhar Number.pdf
Format--new TDS rates.xls