If LTA Medical is a part of CTC after resignation without service confirmation, can I claim my LTA Medical? The company denied it. I had completed 1 year in my previous company. The company mentioned that they don't have a policy for job confirmation, so it does not apply to me.
From India, Ahmedabad
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From India, Ahmedabad
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There are no legal provisions concerning this provision, so it depends on the company rules/policy in this regard. If there is a provision that the benefit is admissible only to the confirmed employee, then it has to be so.
Understanding CTC and Employee Benefits
Being made a part of CTC does not mean it has to accrue. CTC is a misleading concept. The effort on the part of the company is to project it by including as many items as possible, including future entitlements like gratuity or other entitlements coming after spending a definite period of service. Employees may not be getting in hand many such benefits. For instance, the insurance premium paid by the company will be a part of CTC, but the employee is actually not paid the amount.
From India, Mumbai
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1593Understanding CTC and Employee Benefits
Being made a part of CTC does not mean it has to accrue. CTC is a misleading concept. The effort on the part of the company is to project it by including as many items as possible, including future entitlements like gratuity or other entitlements coming after spending a definite period of service. Employees may not be getting in hand many such benefits. For instance, the insurance premium paid by the company will be a part of CTC, but the employee is actually not paid the amount.
From India, Mumbai
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As Mr. KK expressed, there is no legal sanctity for reimbursing LTA and Medical. Gratuity, which is also a part of CTC, is paid as per the provisions of the Payment of Gratuity Act, 1972. It will not be considered if someone leaves before completing 5 years of continuous service.
Eligibility for LTA and Medical Reimbursement
In the instant situation, if an employee leaves the services of the company in the first year itself, will they be eligible to claim LTA and Medical? This is a policy decision. Some companies will consider this as a principle. However, most companies will not consider it since the employee has not completed even one year of service.
From India, Madras
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Eligibility for LTA and Medical Reimbursement
In the instant situation, if an employee leaves the services of the company in the first year itself, will they be eligible to claim LTA and Medical? This is a policy decision. Some companies will consider this as a principle. However, most companies will not consider it since the employee has not completed even one year of service.
From India, Madras
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