Some companies feel that if the employee takes a vacation every year, his productivity might increase as he may feel revitalised...
But most of the companies give it because it has become traditionally the part of the compensation in the industry. Some companies design their own packages, to match the compensation package with that of the competitor / industry, so as to attract and retain best talent..
From India, Ahmadabad
35But most of the companies give it because it has become traditionally the part of the compensation in the industry. Some companies design their own packages, to match the compensation package with that of the competitor / industry, so as to attract and retain best talent..
From India, Ahmadabad
Famuily wrt LTC means parents and 2 children
So if the parents go alone for a tour and the employee and his spouse goes for anotehr tour separately, in the same block, can this be claimed for LTC
ie, if the employee's family go alone(without employee) for a tour, can the employee claim LTC?
From India, Bangalore
So if the parents go alone for a tour and the employee and his spouse goes for anotehr tour separately, in the same block, can this be claimed for LTC
ie, if the employee's family go alone(without employee) for a tour, can the employee claim LTC?
From India, Bangalore
Hi, As asked, if the employee’s family goes without teh employee....can he claim LTA...The answer is No, unless the employee goes with his/her family...he cant claim the LTA
From India, Mumbai
From India, Mumbai
Hi all,
I have a query regarding LTA. I would like to know that whether you can avail tax exempted LTA twice in a block of four yrs is a law and is it same for all or different companies can have different policies and can it be claimed tax exempted every yr on producing the proof of travel.
Also if one can claim tax exempted LTA twice in a bloack of four years, can it be claimed in consecutive years or it has to be alternatively. Say for example if you claim tax exempted LTA in the first yr of the block, Can tax exempted LTA be claimed again next yr??
Please help me by answering the above querries. I need more clarity towards LTA.
Best Regards,
Simran
From Germany
I have a query regarding LTA. I would like to know that whether you can avail tax exempted LTA twice in a block of four yrs is a law and is it same for all or different companies can have different policies and can it be claimed tax exempted every yr on producing the proof of travel.
Also if one can claim tax exempted LTA twice in a bloack of four years, can it be claimed in consecutive years or it has to be alternatively. Say for example if you claim tax exempted LTA in the first yr of the block, Can tax exempted LTA be claimed again next yr??
Please help me by answering the above querries. I need more clarity towards LTA.
Best Regards,
Simran
From Germany
Hi Simran,
LTA can be claimed twice in a block of 4 years and this rule is same for all companies. Even the blocks are fixed..current block is 2010-2013. Also LTA eligibility is based on Calendar year (Jan to Dec) and not financial year.
LTA can be claimed in consecutive years, alternate years are not required but you cannot claim LTA twice in the same year. Also, in case if you have claimed only once in a block of 4 years, that can be carried forward (i.e., you can claim LTA thrice in the next bolck) but the carried forward balance should be used in the first year of new block. I hope that answers your query.
From India, Bangalore
LTA can be claimed twice in a block of 4 years and this rule is same for all companies. Even the blocks are fixed..current block is 2010-2013. Also LTA eligibility is based on Calendar year (Jan to Dec) and not financial year.
LTA can be claimed in consecutive years, alternate years are not required but you cannot claim LTA twice in the same year. Also, in case if you have claimed only once in a block of 4 years, that can be carried forward (i.e., you can claim LTA thrice in the next bolck) but the carried forward balance should be used in the first year of new block. I hope that answers your query.
From India, Bangalore
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Leave Travel Allowance.doc
The Ins & Outs of Leave Travel Allowance.pdf