Dear All,
I have some doubts regarding Holiday Allowance. In my CTC, they didn't mention any Holiday Allowance package. But in the annexure, they mentioned, "Holiday Allowance is the payable maximum up to INR 50,000 spread over 12 months."
Kindly clarify whether this amount is claimable???
Thanks in anticipation.
From India, Tiruppur
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I have some doubts regarding Holiday Allowance. In my CTC, they didn't mention any Holiday Allowance package. But in the annexure, they mentioned, "Holiday Allowance is the payable maximum up to INR 50,000 spread over 12 months."
Kindly clarify whether this amount is claimable???
Thanks in anticipation.
From India, Tiruppur
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Dear Sethu,
Rs. 50,000/- has been included in your total CTC package. If Yes, this may refer to Leave Travel Allowance. This component carries Income Tax Benefits for employees subject to conditions laid down in the IT Act. For further information, you may refer to the link [Taxability of Leave Travel Allowance (LTA)](http://taxguru.in/income-tax/taxability-of-leave-travel-allowance-lta-and-relevant-aspects-to-keep-in-mind.html).
Regards,
Shailesh Parikh
Vadodara, Gujarat
99 98 97 10 65
From India, Mumbai
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312Rs. 50,000/- has been included in your total CTC package. If Yes, this may refer to Leave Travel Allowance. This component carries Income Tax Benefits for employees subject to conditions laid down in the IT Act. For further information, you may refer to the link [Taxability of Leave Travel Allowance (LTA)](http://taxguru.in/income-tax/taxability-of-leave-travel-allowance-lta-and-relevant-aspects-to-keep-in-mind.html).
Regards,
Shailesh Parikh
Vadodara, Gujarat
99 98 97 10 65
From India, Mumbai
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Dear Shailesh Parikh Holiday allowance are not included in CTC. I quite confuse about this holiday allowance.??? Regards Sethu.
From India, Tiruppur
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From India, Tiruppur
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Dear Sethu,
Actually, your employer should not mention Holiday Allowance in CTC. If mentioned, you can't claim the same in any way. You can automatically get the same if you attend your duties on Declared Holidays subject to a maximum of INR 50,000 per annum.
Regards,
Ramesh Rao
From India, Hyderabad
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Actually, your employer should not mention Holiday Allowance in CTC. If mentioned, you can't claim the same in any way. You can automatically get the same if you attend your duties on Declared Holidays subject to a maximum of INR 50,000 per annum.
Regards,
Ramesh Rao
From India, Hyderabad
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Holiday list for 2016.pdf
Central-Governm ent- of-India-Holida y-List 2016-page-001.j pg