No doubt, with the recent hike of fuel prices, car-owning employees may be curious to know what is the new transport allowance.
It’s pretty straightforward. Just refer to your CA 2007-2010, Clause 30 (iii)a.
It states:
For an employee who is in possession of a motor-car and is utilising it on the Company’s business, an amount of RM300.00 and a sum equivalent to 238 litres of petrol per month.
You can calculate the transport allowance using this simple transport-allowance-calculator.xls.
