Hi, How to calculate the local conveyance amount for 4 wheeler and 2 wheeler.. Any formula ???
From India, Gurgaon
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1From India, Gurgaon
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There is no laid-down formula. It depends upon company policy. You can fix a rate (Rs. per kilometer) differently, based on the type of vehicles used (that is, 4-wheeler or 2-wheeler). But it should be ensured that the user of the vehicle maintains a log which gives a picture of Date/time, places visited, distance (kms driven), and the purpose of the visit. Calculate and pay/reimburse conveyance expenses on a weekly basis. For frequent users, you can also consider allowing a small imprest which would enable him to recoup, as and when necessary.
Thanks,
R K Nair
From India, Aizawl
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Thanks,
R K Nair
From India, Aizawl
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Local Conveyance Policy.doc