Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

How to calculate petrol reimbursement doubt

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

Reply
Follow
Share

10 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 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.

Upgrade to CAclubindia Pro. Subscribe Now!

sabyasachi mukherjee (27574 Points)
Replied 08 March 2024

I would request someone to take care of the above
petrol reimbursement is allowed only in special cases.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 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...

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 09 March 2024

You reimburse Rs 10 i.e. 103 divided by 150 and then multiply it by 15

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 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...

Upgrade to CAclubindia Pro. Subscribe Now!

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 09 March 2024

It's just a reply to query on figures only, no relation with the reality

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 09 March 2024

Ohhh God...

Yasaswi Gomes new (Finance ) (4514 Points)
Replied 09 March 2024

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

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 10 March 2024

@ Yasaswi Gomes, Sir whether you are reading too much replies of sabyasachi mukherjee.

Yasaswi Gomes new (Finance ) (4514 Points)
Replied 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.