Travel Policy - What Is The Current Market Trend For The Same In Terms Of Rate Per Km? Pdf Download

Hello Folks,

Could you please share your company's travel policy or let me know the current market trend for the same in terms of rates?

Currently, our travel policy is as follows:
- 2-wheeler: INR 3/KM
- 4-wheeler: INR 6/KM

I am in the process of revising the rates for air/train booking and hotel accommodation as well. Please provide your suggestions.

Hi Pallavik,

At present, our travel policy is as follows:
- 2-wheeler: INR 3/KM
- 4-wheeler: INR 6/KM

I am in the process of revising the rates for air/train bookings and hotel accommodation as well. I am not aware of when these stated mileage allowances for 2/4 wheelers came into effect. Are these rates applicable for commuting between residence and office, and/or for official travel duties as well? In any case, these rates may need to be revised upwards to align with fuel prices, etc. A revision considering the average mileage per liter of fuel and city riding conditions may be appropriate. I would suggest revising it to a minimum of Rs. 5/KM and Rs. 12-15/KM.

Regarding air/train and hotel accommodation, it may be reasonable to consider not straining your company's finances by adopting prevailing rates of carriers/hotels. Instead, align with the rates prescribed for Central or state government employees under TA rules of FR/SR. Higher slabs/rates may also be fixed for senior officials to suit their status and meet their official requirements. A circular is attached to assist you in this matter.

Thanks, but I need to know what the base is to fix DA & TA.