Mileage Reimbursement 2024 Rate In India. The following lists the privately owned vehicle (pov) reimbursement rates for automobiles, motorcycles, and airplanes. How is mileage reimbursement calculated?

Corporate mileage reimbursement enables taxpayers to claim back money when using personal vehicles, but the system is complex. As you calculate your company car allowance or mileage rate for 2024, keep in mind the following three pressure points.