We change the LTA policy in my company. As per the new policy every year we will paid the accumulated and unclaimed LTA amount to all the employees in thier March salary as taxable. In that case there will be no LTA accruals for the year end. But I am confused that how to handle the Payment of LTA claims between of the year for existing employees and new joinees as well.
If any of you have same policy followed in your company, pls send to me my personal mail id -
Thanks & Rgds,
Sunil