What is LTA.?
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What is LTA.?

Ashok_sundar Started The Discussion:

Hai user, Dear all please anyone tell about Leave travel Assistance...... Regards, Ashok

Akhil.Gupta - Member Since: May 2007
ôLTA is an allowance or amount you get from your employer to travel. You get it when you are on leave from work and actually travel. LTA is exempt from tax under certain conditions. As the name suggests, it covers only travel expenses and not other expenses such as boarding and food.

Bhosle.anup - Member Since: Nov 2011
Dear Ahkhil,

Please help me out for making a format for office asstinant,
As they go for a out duty but they didnt sign anywherw ,so at the time of attendance we dont have the records.
pls give me the format.

Anup Bhosle

laxmi doddamani - Member Since: Aug 2008
Dear Anup, Please find attach format of Outdoor Muster. It will serve your purpose. Regards, Laxmi Doddamani


Attached FilesProvided by community member laxmi doddamani. Join us to learn and grow with your peers.
File Type: xls Format of OD Muster.xls (23.5 KB, 637 views)
vibhakar - Member Since: Aug 2011
Dear All;

Many years ago, in my company an officer did some excellent work and solved the much troublesome problem. Management was happy and wanted to reward that officer. Managing Director asked that officer what he would like as his reward? The officer replied that he would like a trip to Hawaii. Managing Director said, go ahead, enjoy and come back fresh. This is LTA.

When it comes for all employees there are rules as to amount, duration, frequency etc. One more aspect is it does not attract income tax in certain cases. One other aspect is that the remuneration is divided in two parts, direct and indirect. Indirect did not attract ESI, PF, Bonus and Gratuity. LTA is indirect. Where to increase the rise in remuneration? In some cases to accomodate increase in remuneration Honeymoon allowance was introduced.

In India the unions have failed in securing benefits for working class. They went on accepting allowances for benefits. Result is working class is without homes but they have house rent allowance, they are not educated but they have education allowance, they do not travel and become wise but they have LTA,

Vibhakar Ramtirthkar.

Sharmila Das - Member Since: Dec 2008
Quote:
Originally Posted by Ashok_sundar View Post
Hai user,

Dear all please anyone tell about Leave travel Assistance......

Regards,
Ashok
Dear Mr. Ashok,

Please refer the following link to your better understanding -
LTA And Salary Structure - Probation Period

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