Hi All
I want to know more about the LTA in our company. Does it depends on the salary or the period of stay in the company. Suppose i get a salary of 16KPM. what will be the LTA Applicable...
Please explain me in detail ..I dont know ABC of LTA...
Thanks & Regards
Narashima Reddy
From India, Bangalore
1I want to know more about the LTA in our company. Does it depends on the salary or the period of stay in the company. Suppose i get a salary of 16KPM. what will be the LTA Applicable...
Please explain me in detail ..I dont know ABC of LTA...
Thanks & Regards
Narashima Reddy
From India, Bangalore
Hi, All group Can any one provide me anti jewelry policy. Its very urgent. Mohan Panwar Manager Compliance
From India, Delhi
From India, Delhi
Hi Mohan Panwar
I hope you know what is a chain mail..... & if you want to post a new query start a new thread...Dont give Unwanted reply to the above question......
Hope you understand my feelings.... If you know the answer to the above question please reply...
Thanks
Nag.
From India, Bangalore
I hope you know what is a chain mail..... & if you want to post a new query start a new thread...Dont give Unwanted reply to the above question......
Hope you understand my feelings.... If you know the answer to the above question please reply...
Thanks
Nag.
From India, Bangalore
LTA is a tax exempted component. You can claim twice in a block year of 4 for tax exemption. The current block year is 2009-13. There is no specified limit for LTA. Normally, 2 basic are allowed for LTA in a year. You have to produce Travel tickets (Air or rail) for claiming tax exemption. Self and his dependents are eligible for LTA travel.
regards
pon
From India, Lucknow
regards
pon
From India, Lucknow
Hi Pon
My Salary is around 16KPM, I have joined this company since 3 Years. So can i claim the LTA from my HR Team & when should i submit for LTA.& What are the documents required for submitting the same. other than the Tickets.
Dont mind me asking such simple questions. ok Any way thanks for the reply.....
Thanks
Nag.
From India, Bangalore
My Salary is around 16KPM, I have joined this company since 3 Years. So can i claim the LTA from my HR Team & when should i submit for LTA.& What are the documents required for submitting the same. other than the Tickets.
Dont mind me asking such simple questions. ok Any way thanks for the reply.....
Thanks
Nag.
From India, Bangalore
Discuss with your HR if it is part of your CTC. For your salary, you will not be liable for I.Tax. For availing tax benefits for LTA, you have to apply min 6 days of PL/EL.
From India, Lucknow
From India, Lucknow
- Leave Travel Assistance (LTA) is the benefit. Not necessarily everyone gets it. Please check your Appointment Letter, your HR Manual/Handbook/Policy or checkout with your HR Team to find out your eligibility.
- Generally LTA is annually paid fixed amount and it is uniform for particular grade or category of employees and it is not necessarily linked to length of service or salary drawn.
From India, Pune
Dear Narasimha Reddy,
It depends on salary structure of the organisation. Generally , LTA is one of salary component and will be of amount equivalent to Basic Pay. As a optional, this can be at higher amount in the cases of seniors drawing higher remuenration.
This depens on remuneration package and this can be tailor made suitably.
This qualifies for tax exemtion. But, only two LTAs are eligible for tax exemption in the block of 4 Years.
To avail LTA exemtpion, this should be claimed against Bills and supportive vouchers etc. to avail exemtion.
With best wishes
Sagala Amarnath
From India, Bangalore
It depends on salary structure of the organisation. Generally , LTA is one of salary component and will be of amount equivalent to Basic Pay. As a optional, this can be at higher amount in the cases of seniors drawing higher remuenration.
This depens on remuneration package and this can be tailor made suitably.
This qualifies for tax exemtion. But, only two LTAs are eligible for tax exemption in the block of 4 Years.
To avail LTA exemtpion, this should be claimed against Bills and supportive vouchers etc. to avail exemtion.
With best wishes
Sagala Amarnath
From India, Bangalore
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