2024 Mileage Allowance. Mileage allowances are paid to the employee in advance so they can use them for the month's business mileage expenses. The irs released the 2024 standard mileage rates for business, charitable, medical and moving purposes.

Learn about the new policy for mileage allowance for journeys by road introduced by the 7th central pay commission. Learn how the irs sets the mileage allowance for business, medical, charity, and moving purposes, and how to use it or actual costs to deduct expenses.