Hi,
We want to revise our petrol allowance paid to the team traveling locally on official duty. They have their own 2-wheeler/car. Please suggest the prevailing rates (2012-13) paid for 2-wheelers/4-wheelers (considering the cost of vehicle wear and tear as well).
Request urgent help.
- Gia
From India, Pune
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99We want to revise our petrol allowance paid to the team traveling locally on official duty. They have their own 2-wheeler/car. Please suggest the prevailing rates (2012-13) paid for 2-wheelers/4-wheelers (considering the cost of vehicle wear and tear as well).
Request urgent help.
- Gia
From India, Pune
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hi, When you say revise, that means you have some rates defined currently.. Can you share that, depending upon that others can comment/ suggest.
From India, Pune
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From India, Pune
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Hi,
Currently, we pay Rs. 2 per km for two-wheelers and Rs. 4 per km for cars. This was formulated in 2010. The petrol/diesel prices have shot up tremendously since then; hence, we want to revise the allowances.
- Gia
From India, Pune
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Currently, we pay Rs. 2 per km for two-wheelers and Rs. 4 per km for cars. This was formulated in 2010. The petrol/diesel prices have shot up tremendously since then; hence, we want to revise the allowances.
- Gia
From India, Pune
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Friends : Request your inputs/suggestions. This will be useful for me to present the right info to my mgmt and take their signoff. - Gia
From India, Pune
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From India, Pune
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hi, as per petrol hike from 2010 till 2013 we might have to give 15/kms... but that not possible as per policy. So i guess you can revise it to 5 and 8/10 Rs/km for 2 and 4 wheelers respectively
From India, Pune
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From India, Pune
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Hi Mayur,
Actually, I want to understand how we calculate the per km travel reimbursement. I mean, how do we arrive at these figures as you mentioned Rs. 8-10/km (4-wheeler) and Rs. 5/km (2-wheeler). Could you please shed some light on its derivation?
- Gia
From India, Pune
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Actually, I want to understand how we calculate the per km travel reimbursement. I mean, how do we arrive at these figures as you mentioned Rs. 8-10/km (4-wheeler) and Rs. 5/km (2-wheeler). Could you please shed some light on its derivation?
- Gia
From India, Pune
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As you said for 2010, your management used to pay Rs 2/km for a two-wheeler and Rs 4/km for a car when the petrol price was 55.87/litre [Dec 2010]. Now it's 76.59/litre. The percentage increase in two years has been 37.5%, so the considerable increased price would be Rs 2.75 for a two-wheeler and Rs 5.50 for a car. But I hope this would be finalized with a bilateral agreement between your management and the employees' representative/union. Then they would also ask for the difference in AICPI, which in 2010 was 815 and now is 969. So you should take this into consideration as well. This was my view. Wait for seniors to pour more ideas into this.
From India, Calcutta
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From India, Calcutta
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Hi,
Please consider the standard average for a two-wheeler as 40 KM/Liter and for a four-wheeler as 12 KM/Liter. If the rate of petrol is 76.80 / liter, then for a two-wheeler:
For 40 KM = 76.80 Rs.
For 1 KM = x
1/40 = x/76.80
= 76.80/40 = Rs. 2 per KM, then no revision is required.
For a four-wheeler:
76.80/12 = Rs. 6.4 Per KM
A revision of Rs. 2.4 is required for the four-wheeler.
Calculate as per the above logic.
From India, Mumbai
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Please consider the standard average for a two-wheeler as 40 KM/Liter and for a four-wheeler as 12 KM/Liter. If the rate of petrol is 76.80 / liter, then for a two-wheeler:
For 40 KM = 76.80 Rs.
For 1 KM = x
1/40 = x/76.80
= 76.80/40 = Rs. 2 per KM, then no revision is required.
For a four-wheeler:
76.80/12 = Rs. 6.4 Per KM
A revision of Rs. 2.4 is required for the four-wheeler.
Calculate as per the above logic.
From India, Mumbai
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The Logic is very good, calculate accordingly here I would add only the wear and tear of the vehicle for which you can add 25% on the allowance amount per km
From India, Ahmadabad
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From India, Ahmadabad
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I checked with my clients to see what they are doing. Most of them are currently giving a vehicle allowance of Rs. 9 to 11 per km for the use of their private vehicles for office work in Mumbai. Vehicle mileage in Mumbai is rarely more than 10 km to a liter. Maintenance cost is generally Rs. 5000 to 8000 per quarter. A small vehicle costs Rs. 5 lakhs and is expected to be used for 80,000 km before being discarded. These factors are generally considered for computing the vehicle allowance.
If the vehicles are being used for a few casual trips, you may simply allow them to claim the relevant cab fare to keep things simple. Another method of determining the increase is to link it to taxi fares. Therefore, if there has been a 50% increase in cab fares, let your allowance increase by 50%.
From India, Mumbai
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If the vehicles are being used for a few casual trips, you may simply allow them to claim the relevant cab fare to keep things simple. Another method of determining the increase is to link it to taxi fares. Therefore, if there has been a 50% increase in cab fares, let your allowance increase by 50%.
From India, Mumbai
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