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Glossary / Also known as

Mileage allowance

Another name for Mileage Reimbursement.

Other names
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What does mileage allowance mean?

Mileage allowance is another name for Mileage Reimbursement. Mileage reimbursement is a payment made by employers to employees who use personal vehicles for business travel, calculated based on distance driven and a predetermined per-kilometre rate.

The two names mean the same thing. You will see "mileage allowance" in some ledgers, reports and contracts and "Mileage Reimbursement" in others. The full entry covers how it works, with examples.

Read the full definition of Mileage Reimbursement

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From the glossary

Related terms.

Employee reimbursements Mileage Reimbursement Mileage reimbursement is a payment made by employers to employees who use personal vehicles for business travel, calculated based on distance driven and a predetermined per-kilometre rate. Also called mileage allowance, conveyance reimbursement, per-kilometre reimbursement GST basics GST (Goods and Services Tax) India's unified indirect tax that replaced multiple central and state levies, creating a single national market for goods and services. Also called Goods & Services Tax TDS TDS (Tax Deducted at Source) A system where the payer deducts income tax at prescribed rates before paying the payee, and deposits it with the government on the payee's behalf. Also called withholding tax, tax deduction at source, tax withheld at source Accounts payable Accounts Payable (AP) Money a business owes to its suppliers and vendors for goods or services received but not yet paid for. Also called trade payables, sundry creditors, payables Payroll and labour compliance Professional Tax (PT) A state-level tax levied on salaried employees, professionals, and traders based on their income slabs. Also called profession tax, P-tax Expense policy Per Diem Per diem is a fixed daily allowance paid to employees to cover routine expenses like meals, local transport, and incidentals during business travel, replacing the need for individual receipt submission. Also called daily allowance, per diem allowance
From the blog

Related posts.

Expenses Employee Reimbursement: Process, Policy and Journal Entry Employee reimbursement is the company paying back business expenses an employee paid personally, against bills. See the process, tax rules and journal entry. OneFinOps Editorial 2 min Expenses Expense Policy for Employees: Template and Examples An expense policy sets what employees can claim, the limits by grade and city, the bills needed and who approves. Copy this template for Indian companies. OneFinOps Editorial 3 min Expenses What is Expense Management? Process, Policy and Software Expense management is how a business captures, checks, approves, pays and books employee spending on travel, meals, fuel and small purchases. OneFinOps Editorial 3 min
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