Hello HR Skippers, Please find attached a very interesting ET article on Revision of Vehicle & Fuel Reimbursement Policy Across the Industry.
From India, Mumbai
539From India, Mumbai
Dear community members
This matter needs some sort of further discussion as there is another side to the coin of conveyance reimbursement.
The conveyance reimbursement rates are to be fixed not only by taking into account the cost of fuel but also the cost associated with the wear and tear arising due to the usage of vehicle for company's work i.e. vehicle maintenance cost. Therefore, the basis for any increase in the conveyance reimbursement rates should be linked to these two factors. I will be interested in knowing if any of our HR professionals could clarify as to how these two factors are built in the conveyance reimbursement rates adopted in their companies.
Thanks and Reagards,
S. Dass
From India, Bangalore
This matter needs some sort of further discussion as there is another side to the coin of conveyance reimbursement.
The conveyance reimbursement rates are to be fixed not only by taking into account the cost of fuel but also the cost associated with the wear and tear arising due to the usage of vehicle for company's work i.e. vehicle maintenance cost. Therefore, the basis for any increase in the conveyance reimbursement rates should be linked to these two factors. I will be interested in knowing if any of our HR professionals could clarify as to how these two factors are built in the conveyance reimbursement rates adopted in their companies.
Thanks and Reagards,
S. Dass
From India, Bangalore
[QUOTE=multibang;1917759]Dear community members
This matter needs some sort of further discussion as there is another side to the coin of conveyance reimbursement.
The conveyance reimbursement rates are to be fixed not only by taking into account the cost of fuel but also the cost associated with the wear and tear arising due to the usage of vehicle for company's work i.e. vehicle maintenance cost. Therefore, the basis for any increase in the conveyance reimbursement rates should be linked to these two factors. I will be interested in knowing if any of our HR professionals could clarify as to how these two factors are built in the conveyance reimbursement rates adopted in their companies.
Thanks and Reagards,
S. Dass
From India, Bangalore
This matter needs some sort of further discussion as there is another side to the coin of conveyance reimbursement.
The conveyance reimbursement rates are to be fixed not only by taking into account the cost of fuel but also the cost associated with the wear and tear arising due to the usage of vehicle for company's work i.e. vehicle maintenance cost. Therefore, the basis for any increase in the conveyance reimbursement rates should be linked to these two factors. I will be interested in knowing if any of our HR professionals could clarify as to how these two factors are built in the conveyance reimbursement rates adopted in their companies.
Thanks and Reagards,
S. Dass
From India, Bangalore
Hi All,
I would like to know is there any law describing the mileage rate or and government agency controlling the same.
Or this is to be decided by the company itself based on the current rates of the fuel?
Regards
Swati
From India, Delhi
I would like to know is there any law describing the mileage rate or and government agency controlling the same.
Or this is to be decided by the company itself based on the current rates of the fuel?
Regards
Swati
From India, Delhi
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When fuel prices go High.zip