Hello dear friends I want to Know Some details of Salary Component LTA and how LTA is calculated and do the company had any benefits in give LTA to employees . Rgrds Vinay
From India, Hyderabad
24From India, Hyderabad
As per my understanding the Leave Travel Allowance is subject to a maximum of Rs:15,000 Per annum and should be reimbursed once in 2 years so as to avail of a tax benefit .
Some companies would offer part or/ a maximum of Rs:15,000 per annum to their employees as part and parcel of their Cost To Company (CTC ) .
hope this information helps you.
Best wishes
From India, Mumbai
Some companies would offer part or/ a maximum of Rs:15,000 per annum to their employees as part and parcel of their Cost To Company (CTC ) .
hope this information helps you.
Best wishes
From India, Mumbai
Hai: Leave Travel Allowance is part of the CTC and it is an annual component subject to a maximum of Rs:15K; and in some org it is given based on the role also and it varies Regards Shanthi
Hi Vinay,
LTA is part of salary , and 10% of Basic , it is deducted from salary every month end of year you can claim on the basis of producing the tickets after taking minimum 4 days leave , if any one is not claim than it will go to companies accounts , which is benefit for company .
From India, Hyderabad
LTA is part of salary , and 10% of Basic , it is deducted from salary every month end of year you can claim on the basis of producing the tickets after taking minimum 4 days leave , if any one is not claim than it will go to companies accounts , which is benefit for company .
From India, Hyderabad
with the new tax regiment i think LTA is going to be taxed / scrapped.
For status quo, maintain Rs15,000 limit ( tax free ) anything amount more than this attracts taxation.
hope this ends the matter.
From India, Mumbai
For status quo, maintain Rs15,000 limit ( tax free ) anything amount more than this attracts taxation.
hope this ends the matter.
From India, Mumbai
Dear Sir,
I am working in Himachal Pradesh in my salary structure LTA is deducted 8.335 on CTC but in delh region I hear it is 10 to 20 % on ctc which one is right please suggest.
Thank s in advance
please mail me
From India, Gurgaon
I am working in Himachal Pradesh in my salary structure LTA is deducted 8.335 on CTC but in delh region I hear it is 10 to 20 % on ctc which one is right please suggest.
Thank s in advance
please mail me
From India, Gurgaon
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Leave Travel Allowance.doc
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