KINDLY PROVIDE ME WITH THE DETAILS ABOUT LTA . WHO ALL ARE ELIGIBLE TO TAKE THE LTA ? HOW MANY PERCENTAGE OF THEIR SALARY IS PAID AS LTA ? DOES LTA CALCULATION VARY FROM COMPANY TO COMPANY ? ESPECIALLY HOE IT WORKS IN PRIVATE SECTORS . KINDLY BRIEF IT
From India, Chennai
From India, Chennai
Dear Ms. Kiran,
LTA- Leave Travel Allowance.
Ya. it varies from company to company depending on the Policy of the Organisation.
As per the appointment letter agreement after completion of 1yr an employee will be eligible for LTA. To avail this employee have to take leave of 5-7 days, and have to show his ticket of travelling(in some companies), some companies grant LTA only after showing leave of 5-7 days minimally.
Usually it is 4 or 5% of Basic and DA any any other allowances to retain the employee.
From India, Kolkata
15LTA- Leave Travel Allowance.
Ya. it varies from company to company depending on the Policy of the Organisation.
As per the appointment letter agreement after completion of 1yr an employee will be eligible for LTA. To avail this employee have to take leave of 5-7 days, and have to show his ticket of travelling(in some companies), some companies grant LTA only after showing leave of 5-7 days minimally.
Usually it is 4 or 5% of Basic and DA any any other allowances to retain the employee.
From India, Kolkata
Dear Kiran,
My friend Mr. A has clearly pointed to your query.
In addition to this, i would like to state and explain more on this topic..
LTA is given so that employees can take Pls and spend some time with their family or loved ones at their native place / hometown.
The number of PL to be taken to claim LTA depends on Company's leave policy.
In many companies, LTA is given as 1 month's basic. In other companies, LTA is given as per the designation and company policy.
The eligibility of claiming LTA again depends from Company to Company. Usually it is a standard practice in most of the companies that employees are eligible for LTA after successful completion of the 1 year in the organization from the date of joining. To claim the LTA, employees do not have to submit the proof. Employees can claim LTA once in 2 years.
From India, Mumbai
My friend Mr. A has clearly pointed to your query.
In addition to this, i would like to state and explain more on this topic..
LTA is given so that employees can take Pls and spend some time with their family or loved ones at their native place / hometown.
The number of PL to be taken to claim LTA depends on Company's leave policy.
In many companies, LTA is given as 1 month's basic. In other companies, LTA is given as per the designation and company policy.
The eligibility of claiming LTA again depends from Company to Company. Usually it is a standard practice in most of the companies that employees are eligible for LTA after successful completion of the 1 year in the organization from the date of joining. To claim the LTA, employees do not have to submit the proof. Employees can claim LTA once in 2 years.
From India, Mumbai
Hello All,
Please clear my query one of our employee was on leave from 9th Dec 2014 to 11th Dec 2014. She has given me fight tickets of 9th Dec from Pune to Delhi & return tickets of 12th Dec. As she had taken only three days leave & worked from home on 12th Dec. Now my query is should I consider her return tickets too?
Please guide me.
From India, Mumbai
Please clear my query one of our employee was on leave from 9th Dec 2014 to 11th Dec 2014. She has given me fight tickets of 9th Dec from Pune to Delhi & return tickets of 12th Dec. As she had taken only three days leave & worked from home on 12th Dec. Now my query is should I consider her return tickets too?
Please guide me.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
LTA (REDIFF).doc